Maine DOE Update – July 7, 2016

From the Maine Department of Education

School renovation funding available

The Maine Department of Education is accepting applications to receive funding for school renovation projects through the School Revolving Renovation Fund (SRRF). The application deadline is September 30.

The Department will be able to approve approximately $10 million in SRRF loans. A portion of each loan will be considered a grant and will be forgiven. The remaining portion will be paid back over either five or ten years with no interest. The maximum loan amount is limited to $1 million per school building per priority in any five-year period.

Applications for Priority One and Priority Two projects will be accepted. Priority One projects include indoor air quality improvement, structural roof repair, hazardous material abatement or removal, ADA compliance upgrades, and other health, safety and compliance renovations.

Priority Two SRRF projects include school building structures, windows and doors, and water and septic systems. Eligible Priority One projects will receive funding preference over Priority Two projects.

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