By Gail Leverson, MBA, EDFP - Funding Specialist February 18, 2021
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.
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.
Eligible applicants: cities, counties, townships, sanitary districts, or other governmental subdivisions responsible for wastewater treatment.
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.
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.