Clean Water State Revolving Fund (CWSRF)

The Alaska Clean Water Fund is a low-interest loan program to assist communities with wastewater and nonpoint source pollution control projects eligible under the Clean Water Act. The program is funded by U.S. Environmental Protection Agency (EPA) capitalization grants, state matching funds, loan repayments, and investment earnings.

Eligible Borrower

Municipalities.
Privately owned decentralized wastewater facility that is economically regulated by the Regulatory Commission of Alaska.

Eligible Projects

Wastewater treatment: Primary, secondary, and advanced treatment.
Sewer collection system replacement and rehabilitation.
New collector and interceptor sewers.
Inflow and infiltration correction.
Security measures.
Decentralized wastewater treatment systems: Repair, replacement, or upgrade of decentralized wastewater treatment systems such as community septic tanks and lagoons.
Water conservation and efficiency: Projects that reduce the demand for publicly owned treatment works' capacity through reduced water consumption.
Energy efficiency: Projects that reduce the energy consumption needs for publicly owned treatment works.
Stormwater: Gray and green infrastructure to address water quality impacts of stormwater runoff.
Nonpoint source projects: Projects that implement a state's nonpoint source management plan, such as streambank restoration and wetland protection.
Habitat protection and restoration projects.
Watershed pilot projects: Development and implementation of watershed projects meeting the criteria in Clean Water Act (CWA) section 122.
Water reuse: Projects for reusing or recycling wastewater, stormwater, or subsurface drainage water.
Security measures at publicly owned treatment works: Projects to increase the security of publicly owned treatment works.

For more information, see the EPA's Overview of CWSRF Eligibilities.

Loan Terms

Below market interest rate - contact the SRF Program for a current estimate.
0.50% administration fee.
Finance rate begins accuring one year after the first loan disbursement.
Up to 30-year loan repayment term determined by the useful life of the project.
Repayment begins one year after completion of construction.
No maximum funding limit.