One of the most cited issues that we hear from our partners in water supply and water quality is navigating the complex and evolving funding opportunities. For our partners in Massachusetts there is a unique resource that our municipal experts can utilize on your behalf. The State Revolving Fund (SRF) Financial Assistance Program provides 0% interest loans for municipalities and public water utilities for a variety of projects and issues. Whether it’s infrastructure needs, PFAS, stormwater, or watershed management, water providers can apply to the SRF for the funding they need.
It can be daunting to apply for SRF financing; the application process and reporting requirements can require a tailored approach with experience. Broadly the SRF programs include:
- Clean Water State Revolving Fund (SRF) Program
- Lead Service Line Replacement Program
- Drinking Water State Revolving Fund (SRF) Program
- Asset Management Planning Grant Program
- PFAS Mitigation Loans (0% Interest)
- Sewer Overflow and Stormwater Reuse Municipal Grants (OSG) Program
- Nutrient Enrichment Reduction Loans (0% Interest)
- CWSRF Small System Technical Assistance Program
Funding can come in multiple modes depending on the project, for example, Lead Service Line replacement is accepted on a rolling basis. Some projects may require interim financing while permanent financing and repayment plans may vary from project to project, and disadvantaged communities can seek loan forgiveness.
Navigating these many options, deadlines, and requirements is daunting, especially if you’re new to these resources, or constantly dealing with operational crises. At Capital Strategic Solutions, we have the finance expertise to lead you through the process with the amount of guidance and support you need. Whether your SRF application needs minimal support, or you need this taken completely off your plate, our grant financing and management experts have the bandwidth to provide whatever tailored support you need.
Water quality isn’t just a Massachusetts or New England issue. Funding resources in each state vary, and even federal guidelines evolve. Staying up to date on these opportunities in every state we serve is what we do.
Just because National Water Quality Month ends, doesn’t mean your projects end. If your project needs extra support, let our Municipal Experts be your Workforce on Wheels.
Call us at (508) 690-0046.
Email us your questions at [email protected]