In 2022, the Drinking Water Revolving Fund (“DWRF”) received $21,735,000 in capitalization grant funds from the Environmental Protection Agency.
In order to receive a loan through the DWRF, you must first make sure that your project is on the 2021-2022 DWRF Eligibility List. If your project isn’t on the list, your community can apply to get on the list by filling out the Eligibility Survey below.
For 2022, the Authority Board of Directors is offering loans of less than $3,000,000 as direct loans, at an interest rate of 2.50% for 20 years and 2.75% for 30 years, or less if your community qualifies as disadvantaged. Loans may also receive a reduced interest rate if the project qualifies as “Green” and if the “Green” requirement has not been met by the Authority.
Loans of over $3,000,000 are usually leveraged loans, which require the issuance of municipal bonds. These loans will have subsidized interest rates at 80% of current market rates.