Clean Water State Revolving Fund
Low-cost loans for planning, design, and construction projects to attain and maintain water quality standards, and necessary to protect beneficial uses such as fish habitat, drinking water sources, irrigation, and recreation. Eligible borrowers are public entities, such as cities and counties, Indian tribal governments, sanitary districts, soil and water conservation districts, irrigation districts, various special districts and some intergovernmental entities. CWSRF offers:
• Low-cost loans and bond purchases
• Lower than market interest rates
• Fixed interest rates
• Terms up to 30 years
• Up to 100% of eligible costs covered
• No match required
• Repayment begins after project is constructed
• No pre-payment penalty
• Additional financial incentives, including principle forgiveness
Applications are accepted year round with scheduled review and ranking in the first week of January, May and September.
Financial incentives make CWSRF loans worth exploring. Principle forgiveness is available for communities meeting affordability criteria, or for meeting green project criteria. Implement a non-planning nonpoint source project and a traditional point source wastewater treatment project through the same application to reduce your interest rate on the combined two projects to as low as 1%. This combined application is called a sponsorship option.CWSRF Pollution Reduction Funding
The Clean Water State Revolving Fund loan program provides low-cost loans to public entities for the planning, design or construction of both point source and nonpoint source projects that prevent or mitigate water pollution. Wastewater facility improvements and stormwater management projects are funded with CWSRF.
CWSRF loans fund development of nonpoint source water quality improvement plans, such as an integrated water resources plan and a regional or municipality-wide stormwater management plan. Planning loans can also fund the establishment of watershed partnerships, local ordinances to implement a stormwater master/management plan, engineering and development standards for new and redevelopment, permanent riparian buffers, floodplains, wetlands and other natural features.
CWSRF offers a Local Community Loan, which allows the borrower to make loans to private entities like home owners and farmers. The Local Community Loans fund the repair and replacement of failing decentralized systems. This loan type can also fund nonpoint source agricultural best management practices such as building manure containment structures, manure digesters, and fences to protect riparian resources capture and convert methane, and purchase calibrated application equipment.
CWSRF loans fund a variety of nonpoint source watershed improvement implementation projects such as establishing or restoring permanent riparian buffers and floodplains, and daylighting streams from pipes. Loans can fund protecting and restoring streamside areas, wetlands and floodplains, and to acquire riparian land, wetlands, conservation easements, and land to protect drinking water sources.
The application requirements for CWSRF loans may take some lead-time to develop and may require out-of-pocket expense to prepare. Prospective CWSRF applicants should discuss any questions about the required content of these items with a regional DEQ CWSRF Project Officer at the earliest opportunity