

The Clean Water State Revolving Fund empowers local governments and public authorities to undertake critical sewer and wastewater projects. The program offers significant financial advantages and supportive technical assistance to communities. EFC provides financing at below-market rates. Low interest rates and long repayment periods keep projects affordable. Recipients can better manage debt service and reduce the need for higher local rate increases to fund improvements.
EFC provides interest-free, subsidized, and market-rate financing. Eligible communities that qualify for hardship may receive interest-free financing. Additional subsidy may be offered as principal forgiveness or grants. Because of EFC’s AAA/Aaa credit rating, our market rate is generally lower than the rate at which a municipality would borrow on its own. The program is structured to be self-sustaining. When communities repay their financings, it allows EFC to finance new projects. The funds "revolve" over time.
Examples of eligible projects include, but are not limited to:
- Repairing and upgrading wastewater treatment plants
- Rehabilitating or installing collection sewers
- Reducing or eliminating combined and sanitary sewer overflows
- Protecting waterbodies from storm runoff pollution
What To Do | Description & Timeline | Key Resources |
Step 1 List Your Project | Listing your project on the Intended Use Plan is the first step to accessing funding. Submit listings through our online portal, the Project Listing and Update System (PLUS). Provide contact information and general project information, including a budget and schedule. While projects can be listed only with general information, an approvable engineering report and construction schedule are required to be included on the Annual List. Projects on the Annual List can apply for funding in a given federal fiscal year. Project listings and updates are accepted on a rolling basis. Submit by May for inclusion on the next federal fiscal year’s Intended Use Plan. |
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Step 2 Prepare Required Documents | The following is a summary of items you should begin working on as soon as possible. Review the comprehensive list of required documentation for more details.
Documents you need include, but are not limited to:
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Step 3 Submit a Formal Financing Application | Submit a financing application and supporting documentation through the online portal. NOTE: Only projects on the Intended Use Plan’s Annual List can apply for financing. Once you submit a financing application, EFC works with you to identify financial assistance for your project. EFC will determine the appropriate term and type of assistance that may be offered. This will be based on a credit review, the project’s score and rank, and construction schedule. Financing packages may include one or more funding options. Eligible projects may receive additional subsidy as principal forgiveness or grants. Submit your financing application as soon as possible to ensure funds are available to meet your needs. It may take several months between submission of the application and execution of the financing agreement. Financing applications are accepted year-round but generally must be submitted by the end of May to lock in eligibility for the upcoming federal fiscal year. |
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Success Stories Making Projects Affordable for Communities Statewide
State and Federal Requirements
You must comply with certain requirements if your project receives financing
Resources from DEC about municipal wastewater treatment plant and sewer system...
Access documents and data about environmental quality
Provides standards for the design of the Stormwater Management Practices
Information about the Community Risk And Resiliency Act
Guidance on design elements from NEIWPCC