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Drinking Water Revolving Fund

$1,182,336,287 in SRF Loan/Grant combo funding for Colorado Communities since 1986

Infographic: Drinking Water Revolving Fund details, benefits, eligibility, project tools, and contact info for accessing funding.

Due to increased demand as well as reductions in the DWRF Capitalization Grant due to Congressional Directed Spending (CDS) funding DWRF loans are extremely competitive and may be subject to prioritization.

In 2024, the Drinking Water Revolving Fund (“DWRF”) received $8,164,000 in capitalization grant funds and $86,449,000 BIL 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 2024-2025 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 2025, the Authority Board of Directors is offering loans of less than $3,000,000 as direct loans, at an interest rate of 3.25% for 20 years and 3.50% for up to 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 over $3,000,000 are leveraged loans, which will require the issuance of municipal bonds and will have subsidized interest rates at 85% of the market rates. There is currently a $30 million dollar cap on funding through the DWRF program.

DWRF Interest Rates:

Base SRF, < $3 Million 

State Revolving Fund (SRF) Loans Under $3 million - Direct Loans

Direct Loan
Non-Disadvantaged Community

Disadvantaged Community Program click here for more information

  • 3.25%: 20-year loan term
  • 3.50%: 30-year loan term

Qualified as Disadvantaged Community Category 1

Disadvantaged Community Program click here for more information

  • 2.50%: 20-year loan term
  • 2.75%: 30-year loan term

Qualified as Disadvantaged Community Category 2

Disadvantaged Community Program click here for more information

  • 1.50%: 20-year loan term
  • 1.75%: 30-year loan term

*All interest rates are approved by the Authority's Board of Directors and are subject to change anytime throughout the year at the Authority Board's discretion.

Base SRF, > $3 Million 

State Revolving Fund (SRF) Loans Over $3 million - Leveraged Loans

Leveraged Loan Program

  • up to 85% of the Authority's AAA-rated Municipal Bonds

​SRF Large Direct Loans on a case-by-case basis

  • 3.25%:  20-year loan term
  • 3.50%: 30-year loan term​

*All interest rates are approved by the Authority's Board of Directors and are subject to change anytime throughout the year at the Authority Board's discretion.

BIL Loan, < $3 Million 

Bipartisan Infrastructure Eligible Loans (BIL) Under $3 million

Direct Loan Non-Disadvantaged Community

Disadvantaged Community Program click here for more information

  • 3.25%: 20-year loan term
  • 3.50%: 30-year loan term

Lead Line Replacement (LSL) BIL Loan

Bipartisan Infrastructure Law click here for more information

  • 3.25%: 20-year loan term
  • 3.50%: 30-year loan term

Qualified as Disadvantaged Community Category 1

Disadvantaged Community Program click here for more information

  • 2.50%: 20-year loan term
  • 2.75%: 30-year loan term

Qualified as Disadvantaged Community Category 2

Disadvantaged Community Program click here for more information

  • 1.50%: 20-year loan term
  • 1.75%: 30-year loan term

*All interest rates are approved by the Authority's Board of Directors and are subject to change anytime throughout the year at the Authority Board's discretion.

BIL Loan, > $3 Million 

Bipartisan Infrastructure Eligible Loans (BIL) Over $3 million

Direct Loan Non-Disadvantaged Community

Disadvantaged Community Program click here for more information

  • 3.25%: 20-year loan term
  • 3.50%: 30-year loan term

Lead Line Replacement (LSL) BIL Loan

Bipartisan Infrastructure Law click here for more information

  • 3.25%: 20-year loan term
  • 3.50%: 30-year loan term

Qualified as Disadvantaged Communities 1 & 2

Disadvantaged Community Program click here for more information

  • 3.25%: 20-year loan term
  • 3.50%: 30-year loan term

*All interest rates are approved by the Authority's Board of Directors and are subject to change anytime throughout the year at the Authority Board's discretion.

 Program Documents: