The Clean Water State Revolving Fund (CWSRF) is jointly administered by EFC and the New York State Department of Environmental Conservation (DEC). Since 1990, the program has provided more than $14 billion in low-cost financing under this program.
The CWSRF provides low-interest rate financing to municipalities to construct water quality protection projects such as sewers and wastewater treatment facilities. A variety of publicly-owned water quality improvement projects are eligible for financing. Eligible projects include point source projects such as wastewater treatment facilities and nonpoint source projects such as stormwater management projects and landfill closures, as well as certain habitat restoration and protection projects in national estuary program areas.
As financings are repaid, money will be available for new financings- a true revolving fund. For communities with demonstrated financial hardship, interest rates can be reduced to as low as zero percent.
In 2009, under the American Recovery and Reinvestment Act (ARRA), the Corporation created the Green Innovation Grant Program (GIGP). For more information about GIGP, please see EFC's Green Grants Page.