Drinking Water State Revolving Fund (DWSRF) Now Offering 30-Year Loan

America’s Water Infrastructure Act (AWIA) has established a new loan term for our state’s DWSRF program. DWSRF loans can now extend out to 30-years; 10 years beyond the traditional 20-year term. Additionally, applicants that qualify as disadvantaged may choose a 40-year loan option. The extended 30-year loan term for DWSRF provides communities more financing options in determining the most appropriate funding and financing tools for their projects. It is especially useful for communities considering a lead/galvanized service line removal project.

Similarly, Clean Water State Revolving Fund (CWSRF) loans are available for wastewater projects in the 20-year term and 30-year options.

The useful life of project components financed using CWSRF or DWSRF dollars must be equal to or greater than the selected loan term.

If you are a community considering a water infrastructure project and in need of financing assistance, have questions about this program or other related programs, and would like to talk with an experienced technical professional about the process, please contact Mark Prein, PE or Brian Vilmont, PE at (616) 364-8491.

You can find more project funding options listed in our Prein&Newhof 2020 Grants & Loans Guide.

 

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