Program Metrics

MEASURING THE IMPACT OF EFC’S WATER INFRASTRUCTURE FUNDING PROGRAMS

Nation-Leading Investment is Empowering Communities Across New York State

EFC's Program Metrics Report highlights the corporation's investments and its impact in advancing New York State's clean water goals. The report is published under the leadership of EFC President and CEO Maureen A. Coleman.

This year’s report shows EFC continues awarding record levels of grants and financings to critical projects in a renaissance of water infrastructure investment. EFC is leveraging the Governor's historic commitment to water infrastructure in the State budget together with federal funding and the State's $4.2 billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act.

SFY 2024 PROGRAM METRICS REPORT

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SFY 2024 Highlights

EFC staff pose behind a podium at an indoor event in Suffolk County in December 2023

construction workers wearing hard hats and safety vests install concrete in a staging area at an outdoor construction site during the daytime

Director of Program Management Maire Cunningham shakes hands with a New Yorker at a table during an event.

construction workers work inside a clarifying tank that is being constructed at the Oneida County Wastewater Treatment Plant

EFC and DOH employees wearing hard hats and safety vests pose for a group photo next to Cooper Lake on a sunny day in October 2023

Governor Hochul holds up a glass of water at a podium during a press event in Suffolk County

EFC team members in business attire stand before a screen with signage including Citi, EFC and New York City Municipal Water Finance Authority logos

The EFC Board of Directors approved $2.2 billion in financial assistance for 216 projects.

EFC awarded $450M in Water Infrastructure Improvement and Intermunicipal Grants in December 2023, including the first round of funding from the Environmental Bond Act of 2022.

The EFC Board approved a WIIA grant with Bond Act funding for the Town of Lyons, the first clean water project to get underway with Bond Act funding.

EFC's new Community Assistance Teams are connecting communities to funding. In the program's inaugural year, 95 municipalities were served one-on-one, and 20 events drew participation from 500 local representatives.

EFC executed $1.5B in agreements through the Clean Water State Revolving Fund for 191 projects.

(Above, Oneida County Wastewater Treatment Plant)

EFC executed $757M in agreements through the Drinking Water State Revolving Fund for 78 projects.

(Above, October 2023 site visit at the Cooper Lake Dam and Reservoir in Kingston)

EFC has awarded $408M in grants since 2015 to drinking water projects that treat emerging contaminants above the State Maximum Contaminant Level.

(Above, Governor Hochul in Suffolk County in December)

EFC closed three series of bonds in SFY 24 that are cumulatively projected to save local ratepayers $105.5M over the long term.

(Above, Series B Pricing Day in June 2023)