Environmental Facilities Corporation
The Environmental Facilities Corporation (EFC) is a public benefit corporation that provides financial and technical assistance primarily to municipalities by providing low-cost financing for their water quality infrastructure projects. EFC administers a number of programs, including managing the most successful State Revolving Funds in the nation. These programs have provided over $37 billion in low-cost financing and grants for approximately 3,000 water and sewer infrastructure projects across New York State.
Image Information: City of Schenectady’s new North Ferry Street Pump Station, which will increase the sewage conveyed to the City’s wastewater treatment facility. This new station is a crucial part of the plan to eliminate sanitary sewer overflows from the Alco regulator into the Mohawk River. EFC provided $10.7 million in low cost financing and grant funding for this project.