The Drinking Water State Revolving Fund (DWSRF) is administered jointly by EFC and the State Department of Health (DOH). Since its inception in 1996, the program has provided more than $5.24 billion in low-cost financing, including over $337 million in grants to disadvantaged communities for drinking water improvement projects across the State.
The DWSRF provides a significant financial incentive for public and private water systems to finance needed drinking water infrastructure improvements (e.g. treatment plants, distribution mains, storage facilities, etc.) Similar to the Clean Water State Revolving Fund (CWSRF), the DWSRF provides market rate financing, subsidized low-interest rate financing and limited grants for construction of eligible water system projects.
As financings are repaid, money will be available for new financings -- a true revolving fund. For communities with demonstrated hardship, interest rates for eligible projects may be reduced to as low as zero percent. In addition, in the event of severe financial hardship, financial hardship grants pursuant to the Federal Safe Drinking Water Act may be available.
EFC administers the financial aspects of the DWSRF. Complete applications for the DWSRF financing are submitted to EFC, the financing is obtained through EFC, and repayments are made to EFC.
DOH manages the technical review for DWSRF projects and regulates the safety and adequacy of drinking water delivered by public water systems in New York State. For the DWSRF, DOH accepts project listing forms and technical reports; scores, ranks, and lists projects on the IUP, and reviews technical documents for both the project listing and the complete application.