The State Revolving Fund (SRF) program provides low-interest rate loans for building or repair to wastewater and drinking water plants or distribution systems and stormwater quality improvement projects. The program is run by the SC Department of Health and Environmental Control (DHEC) and the SC Rural Infrastructure Authority (RIA), Office of Local Government (OLG).
Municipalities, counties, and special purpose districts can apply for an SRF loan.
The money available for SRF loans depends on repayments from current loans and the yearly capitalization grant that comes from the EPA. For State Fiscal Year 2018 (July 1, 2017 – June 30, 2018) an estimated $50 million could be available for wastewater, stormwater and nonpoint source projects and approximately $20 million could be available for drinking water projects. Information on current SC SRF interest rates and loan policies can be found on the SC Rural Infrastructure Authority website.
If a project includes a qualified water or energy reduction component, low impact development or other environmentally innovative "green" practices, an incentive loan rate may apply.
Contact us to find out if your project qualifies for SRF funding.
FACT is an EPA financial analysis tool that compares the costs of different financing options for water infrastructure projects. FACT can help borrowers compare their financing options.