Water Pollution Control Revolving Fund
In 2020, the Water Pollution Control Revolving Fund (“WPCRF”) received $12,712,000 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 2020-2021 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 acitve/open). For 2021, 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 a range of 70-80% of the market rates.