Drinking Water State Revolving Loan Fund

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
Funding Source	Environmental Protection Agency Capitalization Grant; additional funds from state.
Budget	$8 million annually
Start Date	01/26/1997
Eligible Renewable/Other Technologies	Solar Photovoltaics, Other Distributed Generation Technologies
Eligible Efficiency Technologies	Yes; specific technologies not identified
Applicable Sectors	Local Government
Loan Term	0% to 4% with terms of 20 years following a two-year construction period

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.

Contact

Todd Johansen

Organization:

New Mexico Energy, Minerals and Natural Resou

Address:

207 Shelby St.
Sante Fe, NM 87501

Phone:

(505) 992-9654

E-Mail:

tjohansen@nmfa.net