The mission of the Environmental Facilities Corporation is to assist communities throughout New York State to undertake critical water quality infrastructure projects by providing access to low-cost capital, grants, and expert technical assistance. A primary goal is to ensure that these projects remain affordable while safeguarding essential water resources. We support this mission by consistently using an innovative approach to developing and advancing new financing strategies to maximize the funding that can be made available to our clients, aiding compliance with Federal and State requirements, and promoting green infrastructure practices.
The Clean Water State Revolving Fund (“CWSRF") and the Drinking Water State Revolving Fund (“DWSRF") are the Environmental Facilities Corporation’s core funding programs. With its partner, the State Department of Environmental Conservation (“DEC”), the corporation is responsible for the operation and administration of the State’s Clean Water State Revolving Fund. The CWSRF allows EFC to provide interest-free or low-interest rate financing and grants to support a variety of eligible water quality improvement projects, including point source projects, nonpoint source projects and national estuary projects. EFC similarly operates and administers the State’s Drinking Water State Revolving Fund, with its partner the State Department of Health (“DOH”), to finance drinking water infrastructure projects.
Since the inception of the CWSRF program in 1990, EFC has provided more than $30 billion in low-cost financing from the CWSRF to protect water quality. To improve drinking water in the State, EFC has provided more than $7.3 billion in low-cost financing for drinking water projects since the DWSRF began in 1996.
Other key programs operated by EFC include the Water Infrastructure Improvement Act, the Green Innovation Grant Program, and the Wastewater Infrastructure Engineering Planning Grant.