The U.S. EPA announced $5.8 billion for its preliminary 2024 State Revolving Funds (SRF), supporting wastewater, stormwater and drinking water infrastructure across the nation.
Almost half of the funding through the Clean Water and Drinking Water SRF programs will be available as grants or principal forgiveness loans.
The funding is supported by the Bipartisan Infrastructure Law, which dedicates $50 billion to water infrastructure over five years.
“President Biden’s Investing in America agenda continues to transform communities for the better with this latest infusion of funds for critical water infrastructure projects,” said EPA Administrator Michael S. Regan. “With $50 billion in total, the largest investment in water infrastructure in our nation’s history, EPA will enable communities across the nation to ensure safer drinking water for their residents and rebuild vital clean water infrastructure to protect public health for decades to come.”
The multi-billion-dollar investment will fund state-run, low-interest loan programs to address key challenges, with $2.6 billion going to the Clean Water SRF for wastewater and stormwater infrastructure and $3.2 billion going to the Drinking Water SRF for drinking water infrastructure.
The preliminary FY 2024 Clean Water SRF allotments are as follows:
