Assistance is provided in the form of a reduced interest rate loan.
This determination is a one-time decision. If your municipality is not eligible for financial hardship assistance at the time of the FAA and you receive a regular CWFP loan, the CWFP cannot later refinance that loan with financial hardship assistance if your municipality meets the criteria in future years. To get a good indication of eligibility, the information on the form must be as complete and accurate as possible. We will notify you of the results of the calculation.