The Clean Water State Revolving Fund (CWSRF) is a program through which local governmental units, quasi-public agencies, and private entities can access affordable, long-term financing for the completion of wastewater, stormwater and other water pollution abatement projects.
How It Works
- Loans made through the CWSRF may be repaid over a period of up to 20 years and can be structured to meet the repayment abilities unique to each borrower
- Interest is subsidized at 33% below the borrower’s market rate
- Projects are awarded financing based on their ranking on the Department of Environmental Management's Project Priority List, readiness to proceed and subject to credit approval and the availability of funds
- Borrowers will work directly with RIIB and DEM to complete project and financing applications
Facility Plan Loan Program
The Facility Plan Loan Program (FPLP) provides financing to local governmental units for the completion of water pollution abatement project facility plans, and amendments or updates to such plans. These facility plans are a prerequisite for projects seeking to receive financing through the Clean Water State Revolving Fund (CWSRF). Borrowers can receive up to $150,000 in financing for a loan term of up to three years at a below-market fixed interest rate.