State Revolving Fund Loan Program
Financial Assistance through the State Revolving Fund
The Massachusetts Department of Environmental Protection (MassDEP), is now accepting Project Evaluation Forms (PEFs) for new drinking water and wastewater projects seeking financial assistance in 2019 through the State Revolving Fund (SRF). The SRF offers low interest loan options to Massachusetts cities and towns to help fund their drinking water and clean water projects. PEFs are due to the MassDEP Division of Municipal Services by August 24, 2018, 12:00 PM.
Financing for The Clean Water SRF Program helps municipalities with federal and state compliance water-quality requirements, focusing on stormwater and watershed management priorities, and green infrastructure. The Drinking Water SRF Program, provides low-interest loans to communities to improve their drinking water safety and water supply infrastructure.
This year, the MassDEP Division of Municipal Services (DMS) announced the following priorities for SRF proposals.
- Water main rehabilitation projects which include full lead service replacement (to the meter) – this is a high priority for eligibly enhanced subsidy under the Drinking Water SRF.
- Reducing Per- and polyfluoroalkyl (PFAS) contaminants in drinking water.
- Asset Management Planning to subsidize Clean Water programs.
- Stormwater Management Planning for MS4 permit compliance and implementation.
In addition, Housing Choice Communities will receive a discount on their SRF interest rate of not less than 1.5%.
Summaries of the Intended Use Plans (IUP), will be published in the fall, which will list the project name, proponents, and costs for the selected projects. After a 30-public hearing and comment period, Congress will decide which programs may receive funding from the finalized IUPs.
To Apply for SRF Financing
Tata & Howard is experienced with the SRF financing process and is available to help municipalities develop Project Evaluation Forms along with supporting documentation, for their local infrastructure needs.
Please contact us for more information.
The MassDEP Division of Municipal Services are accepting Project Evaluation Forms until August 24, 2018 by 12:00 PM.