Borrower:
The maximum that an eligible borrower can receive per state fiscal year is $2,000,000.
This maximum amount of $2,000,000 applies to that borrower regardless of the number of active loans or projects the borrower has with the program.
Emerging Contaminants awards are not included in this $2,000,000 limit. See below.
Planning loans:
Borrowers eligible to receive principal forgiveness may receive subsidization for up to 100% of the loan but not to exceed $100,000.
Limit of one 100% forgivable loan per borrower per state fiscal year.
Design/construction loans:
- Borrowers eligible to receive principal forgiveness for design and/or construction loans may receive up to 50% of the loan but not to exceed $2,000,000, over the life of the loan.
If the design and construction loans for a project are executed separately even if in different fiscal years, the combined subsidization cannot exceed the $2,000,000 limit. If the loan is implemented in phases, the combined subsidization cannot exceed the $2,000,000 limit.
Emerging Contaminants Awards
Bipartisan Infrastructure Law CWSRF funding to address Emerging Contaminants: The Bipartisan Infrastructure Law provides for supplemental federal capitalization funding for CWSRFs to address emerging contaminants under the Clean Water Act. EPA's BIL Implementation Guidance Memo requires states to provide 100% of the emerging contaminants capitalization grant amount as additional subsidization in the form of principal forgiveness and/or grants.
Borrowers eligible to receive principal forgiveness for any project eligible under section 603(c) of the CWA that addresses emerging contaminants may be offered up to 100% principal forgiveness of the emerging contaminants funds.
An award of principal forgiveness under emerging contaminants funding may be in addition to principal forgiveness awarded under other criteria and may exceed the $2,000,000 limit for a project.
The amount of emerging contaminants subsidization is based on availability of funds.