State Revolving Fund (SRF) Program
State Revolving Fund (SRF) Program supports South Carolina local governments with water, wastewater, and stormwater infrastructure projects to address environmental needs and drinking water compliance.
Funder: South Carolina Department of Environmental Services
Due Dates: Rolling (Clean Water and Drinking Water Project Questionnaires)
Funding Amounts: Low-interest loans for up to 100% of eligible project costs, with terms up to 30 years; principal forgiveness funding also available
Summary: Supports planning, design, and construction of South Carolina drinking water, wastewater, and stormwater quality infrastructure.
Key Information: Applicants must establish a dedicated repayment source sufficient for system operation, maintenance, and loan debt service.
Description
The State Revolving Fund (SRF) program provides low-interest loans and principal forgiveness funding for planning, designing, building, or repairing water infrastructure in South Carolina. It is jointly administered by the South Carolina Department of Environmental Services (SCDES) and the Rural Infrastructure Authority (RIA), Office of Local Government. SCDES handles technical review and federal requirements, while RIA handles loan policies, credit reviews, agreements, disbursements, and repayments.
The Clean Water SRF supports sewer facilities and stormwater improvements addressing environmental and growth needs. The Drinking Water SRF supports water supply and distribution facilities needed to achieve or maintain compliance with drinking water regulations. Eligible work includes infrastructure upgrades, emerging contaminant projects, and lead service line replacement. Qualified water or energy reduction components, low-impact development, and environmentally innovative green practices may qualify for an incentive loan rate.
