Clean Water State Revolving Fund (CW SRF) in New England
This page provides information on EPA New England’s Clean Water State Revolving Fund. The page highlights how the program works, what kinds of water projects are funded, and who can apply for them. The page also contains examples of successful projects and links to our New England state partners.
Introduction
What is the CW SRF?
The Clean Water State Revolving Fund (CW SRF) program is a federal/state
partnership designed to finance the cost of infrastructure needed
to achieve compliance with the Clean Water Act. The Clean Water
State Revolving Fund (CW SRF) program is available to fund a wide
variety of water quality projects including: 1) traditional municipal
wastewater treatment projects; 2) contaminated runoff from urban
and agricultural areas; 3) wetlands restoration; 4) groundwater
protection; 5) brownfields remediation; and 6) estuary management.
Projects types 2 through 5 must pertain to nonpoint source and estuary
water quality protection and/or restoration projects.
Through the CW SRF program, each of the six New England states maintains revolving loan funds to provide low-cost financing for a wide range of water quality infrastructure projects. Funds to establish or capitalize the CW SRF programs are provided through federal government grants and state matching funds (equal to 20% of federal government grants).
How does it work?
CW SRF programs operate much like environmental infrastructure banks
that are capitalized with federal and state contributions. CW SRF
monies are loaned to communities and loan repayments are recycled
back into the program to fund additional water quality protection
projects. The revolving nature of these programs provides for an
ongoing funding source that will last far into the future.