On October 28, 2020, the U.S. Environmental Protection Agency (EPA) released their 2019 annual reports for the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) Programs. These programs provide funding to establish a Federal-state partnership that provides communities with low-cost financing for a wide range of drinking water and clean water infrastructure projects. For 2019, the CWSRF and DWSRF provided over $6.2 billion and $2.8 billion, respectively for a wide range of water projects including modernizing aging infrastructure, augmenting transmission and distribution networks, and supporting reuse and consolidation activities. These programs contain American Iron and Steel (AIS) requirements that require use of products that must be produced in the United States, with certain exemptions. More information about AIS requirements can be found HERE.
Cumulatively, since the program’s inception, the CWSRF Program has provided over $138 billion in assistance, mainly in the form of low-cost financing, to a wide range of eligible borrowers. The program also includes a subsidy in the form of direct grants and principal forgiveness, with over $260 million of such assistance provided in 2019. The CWSRF program remains financially strong with 2019 operating revenues exceeded operating expenses by over $230 million. The total level of financial assistance for the DWSRF Program has increased substantially since 2014. The mean loan size for 2019 was approximately $1 million, with wide variability in loan amounts ranging from under $1,000 to hundreds of millions of dollars. The report contains a national map showing counties that received funding. Much more detail about these programs can be explored in the full copies of the 2019 CWSRF Annual Report and the 2019 DWSRF Annual Report.