Drinking Water State Revolving Loan Fund

March 22, 2017

Summary

The Drinking Water State Revolving Loan Fund provides low-cost financial assistance to eligible public water systems to finance the cost of repair and replacement of drinking water infrastructure, maintain or achieve compliance with the federal Safe Drinking Water Act (SWDA) requirements, and protect drinking water quality and public health.

The program offers principal forgiveness starting at 25% of project costs. Depending on determinations to be made by the New Mexico Financing Authority, additional principal forgiveness for up to a total of 75% of project costs may be awarded for communities that qualify as disadvantaged communities and certified "green projects". Green projects include green infrastructure, water conservation, energy efficiency improvements, or other environmentally innovative activities. See the website above for complete details, including the fiscal year 2017 Intended Use Plan.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: New Mexico
Incentive Type: Loan Program
Web Site: http://www.nmfa.net/financing/water-programs/drinking-water-revolving-loan-fund/
Administrator: New Mexico Finance Authority
Start Date: 1997
Eligible Renewable/Other Technologies:
  • Solar Photovoltaics
  • Yes; specific technologies not identified
  • Other Distributed Generation Technologies
Loan Term: 0% to 4% with terms of 20 years following a two-year construction period

Contact

Name: Todd Johansen
Organization: New Mexico Energy, Minerals and Natural Resou
Address: 207 Shelby St.
Sante Fe NM 87501
Phone: (505) 992-9654
Email: tjohansen@nmfa.net

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.