Water Pollution Control Revolving Fund ("WPCRF")
In 2022, the Water Pollution Control Revolving Fund (“WPCRF”) received $12,710,000 in capitalization grant funds from the Environmental Protection Agency.
In order to receive a loan through the WPCRF, you must first make sure that your project is on the 2021-2022 WPCRF 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 (if it is currently active/open).
For 2022, the Authority Board of Directors is offering loans of less than $3,000,000 as direct loans, at an interest rate of 2.25% 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 leveraged loans, which will require the issuance of municipal bonds and will have subsidized interest rates at 80% of the market rates.