Drinking Water State Revolving Fund
Overview
- The Drinking Water State Revolving Fund was created with the 1996 amendments to the Safe Drinking Water Act.
- Because the DWSRF is federally-seeded, the loans are subject to additional federal regulations regarding environmental review, outreach for disadvantaged business enterprises, payroll (Davis Bacon and related Acts), etc.
- Congress provides funds for states to establish revolving loan programs for funding of drinking water projects.
- States provide 20% matching funds.
Types of Funding Available
-
Low-interest loans (1/2 of market interest rates)
-
Limited amount of principal forgiveness loans
Eligible Applicants
-
Local Government Units (counties, cities, towns, sanitary districts, etc.)
-
Non-profit Water Corporations
- Investor-Owned Drinking Water Corporations
Eligible Projects
-
Source, treatment, storage, or transmission & distribution systems
Key Program Requirements
-
Loan maximum is $20 million.
-
Construction must start within 24 months of Letter of Intent to Fund.
- Closing fee of 2% (which cannot be financed).
- Local Government Commission (LGC) must approve all loans.
2022 Base and BIL Supplemental DWSRF IUP
Applications
- The DWSRF Program has two funding cycles per year, typically in March and September.
- Refer to Funding Program Application Information for detailed information on application deadlines and requirements.
- For application questions, please contact: Kavitha Ambikadevi, PE at (919) 707-9048 (via email at Kavitha.Ambikadevi@ncdenr.gov) or David Giachini, PE at (919) 707-9191 (via email at David.Giachini@ncdenr.gov)