Clean Water State Revolving Fund

  • Michigan's Clean Water State Revolving Fund (CWSRF) is a low-interest loan financing program that assists qualified local municipalities with the construction of needed water pollution control facilities.

    FY20 Loans to Date
    Project Number Loan Recipient Location Loan Amount Loan Date
    5645-01 Village of Armada Macomb County $4,710,000 3/27/2020
    5655-02 Great Lakes Water Authority Wayne County $28,350,000 3/27/2020
    5658-01 City of Tecumseh Lenawee County $1,760,000 3/27/2020
    5687-01 City of Hastings Barry County $9,375,000 3/27/2020
    5698-01 City of Lincoln Park Wayne County $1,350,000 3/27/2020
    5683-01 City of Escanaba Delta County $14,000,000 6/12/2020
    5691-01 City of Owosso Shiawassee County $2,145,000 6/12/2020
    5694-01 Charter Township of Chocolay Marquette County $3,500,000 6/12/2020
    5699-01 City of Owosso Shiawassee County $1,285,000 6/12/2020
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    Strategic Water Quality Initiatives Fund

    The Strategic Water Quality Initiatives Fund (SWQIF) is a low interest revolving loan program that allows qualified municipalities to access financing for the construction of needed water pollution control facilities that cannot qualify for SRF assistance. Two types of projects can be financed under the SWQIF, the on site upgrade-replacement of septic systems and the removal of ground water or storm water from sewer leads.

    Intent-to-Apply (ITA) form for the CWSRF, and SWQIF loan programs.

    A community interested in applying for a loan must fill this form out and submit it to EGLE-WIFS@Michigan.gov. Submittal of this form will allow the applicant to receive an indication of the funding/financing outlook as well as the next steps in the process. To help better serve our customers and improve our programs please do not begin work on a project plan prior to submitting the ITA form.  Following submittal of the ITA, a Water Infrastructure Financing Section (WIFS) project manager will follow-up with the community to set up a discussion.

    Finance Schedule for Fiscal Year 2021

    FY 21 Interest Rates

    20-year loans - 1.875%

    30-year loans - 2.125%

     


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