Funds And Resources For Drinking Water Source Protection - Department Of Environmental Quality Page 7
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28Oregon Department of Environmental Quality (DEQ)
Clean Water State Revolving Fund (CWSRF)
Clean Water State Revolving Fund
503-229-6412
Website:
Low-cost loans for planning, design, and construction projects to attain and maintain water
quality standards, and necessary to protect beneficial uses such as fish habitat, drinking
water sources, irrigation, and recreation. Eligible borrowers are public entities, such as cities
and counties, Indian tribal governments, sanitary districts, soil and water conservation
districts, irrigation districts, various special districts and some intergovernmental entities.
CWSRF offers:
Low-cost loans and bond purchases
Lower than market interest rates
Fixed interest rates
Terms up to 30 years
Up to 100% of eligible costs covered
No match required
Repayment begins after project is constructed
No pre-payment penalty
Additional financial incentives, including principle forgiveness
Applications are accepted year round with scheduled review and ranking in the first week of
January, May and September. Contact the Oregon Department of Environmental Quality
(DEQ); for a list of CWSRF project officers, go to
Financial incentives make CWSRF loans worth exploring. Principle forgiveness is available for
communities meeting affordability criteria, or for meeting green project criteria. Implement
a non-planning nonpoint source project and a traditional point source wastewater treatment
project through the same application to reduce your interest rate on the combined two
projects to as low as 1%. This combined application is called a sponsorship option.
CWSRF Pollution Reduction Funding
The Clean Water State Revolving Fund loan program provides low-cost loans to public
entities for the planning, design or construction of both point source and nonpoint source
projects that prevent or mitigate water pollution. Wastewater facility improvements and
stormwater management projects are funded with CWSRF.
CWSRF loans fund development of nonpoint source water quality improvement plans, such
as an integrated water resources plan and a regional or municipality-wide stormwater
management plan. Planning loans can also fund the establishment of watershed
partnerships, local ordinances to implement a stormwater master/management plan,
engineering and development standards for new and redevelopment, permanent riparian
buffers, floodplains, wetlands and other natural features.
CWSRF offers a Local Community Loan, which allows the borrower to make loans to private
.
entities like home owners and farmers. The Local Community Loans fund the repair and
replacement of failing decentralized systems. This loan type can also fund nonpoint source
agricultural best management practices such as building manure containment structures,
Page 7 of 28
Last Updated 6/2016
By: Sheree Stewart
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