Is your community contemplating a wastewater project? Widseth can help you determine if a Clean Water Revolving Fund (CWRF) loan from PFA would be a good financing tool to improve or replace your wastewater treatment plant and system. Keep reading to learn more about the funding program, eligibility requirements, and the application deadline.
1. Program & Description
Clean Water Revolving Fund (also called the Clean Water State Revolving Fund)
Minnesota Public Facilities Authority (PFA) and the Minnesota Pollution Control Agency (MPCA)
The Clean Water Revolving Fund helps communities build or upgrade wastewater treatment plants and systems to comply with discharge standards in the federal Clean Water Act.
2. Eligibility
Eligible applicants: cities, counties, townships, sanitary districts, or other governmental subdivisions responsible for wastewater treatment.
3. Type of Funding
The fund provides below-market-rate loans to finance wastewater treatment projects. Loans are amortized up to a maximum of 20 years or up to 30 years if the average annual residential cost exceeds 1.4 percent of median household income. Funds are disbursed monthly as costs are incurred.
4. Application Process & Deadline
- Projects must be included on the MPCA’s Project Priority List and the PFA’s Intended Use Plan. Projects must be certified by the MPCA before the PFA may approve a loan. Applications with plans and specifications are accepted until March 30, 2021, for projects that meet these requirements.
- Applications accepted annually
- Clean Water Revolving Fund Documents:
5. Funding Success
Widseth helped the City of Nisswa receive a $5,208,648 loan from the Clean Water Revolving Fund (CWRF). The city will rehabilitate and expand their wastewater treatment system, including spray irrigation, with this loan.
