Drinking Water Revolving Fund

  • Drinking Water Revolving Fund

    Michigan's Drinking Water Revolving Fund (DWRF) program is designed to assist water suppliers in satisfying the requirements of the Safe Drinking Water Act by offering low-interest loans of 2.5% (for 20 and 30-year loans) for fiscal year (FY) 2016 to eligible water suppliers. The Michigan DWRF program (Part 54 of PA 451, 1994) was established in June 1997. As of October 1, 2015, the DWRF program has provided low-interest loans for 277 projects, totaling $857 million.  It is anticipated that new funding will be made available to subsidize disadvantaged communities in FY 2017.

    Green projects are encouraged.  If you have projects with components that address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities, project plans will need to be submitted by July 1, 2016.  Please refer to the Green Project Reserve Guidance below for further information.

    If you are interested in applying for a DWRF loan, a final project plan must be submitted or postmarked on or before July 1 to be considered for funding in FY 2017.  The real discount rate (which does not include an inflation premium) is 1.2% or .012 for a 20-year period.  This rate should be used in project planning for cost-effectiveness analysis only.

     

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