May 25, 2023 – The New Mexico Environment Department is now accepting Clean Water State Revolving Loan Fund (CWSRF) applications for the upcoming fiscal year. The CWSRF offers loans for wastewater and stormwater projects for municipalities, counties, water and sanitation districts, Mutual Domestics, Indian Tribes, Nations, and Pueblos. The loans have a low, below-market interest rate.
“The Clean Water State Revolving Fund is the most affordable way for communities in New Mexico to improve their wastewater and stormwater infrastructure,” said Water Protection Division Director John Rhoderick. “I strongly encourage leaders throughout the state to apply for these funds if they have infrastructure needs that can be met by this program.”
The CWSRF offers interest rates from 0% to 0.01%, with terms of up to 30 years for construction loans and a maximum of 5 years for planning and design loans. Funds from this program may be used for many purposes including, but not limited to:
- Publicly owned centralized wastewater treatment works construction, repair, or replacement.
- Implementation of a non-point source management plan.
- Decentralized systems treating municipal or domestic sewage.
- Measures reducing, treating, or managing stormwater.
- Measures reducing demand to publicly owned treatment works through conservation.
- Watershed projects.
- Reducing energy consumption at publicly owned treatment works.
- Projects for reusing or recycling wastewater or stormwater.
- Increasing security at publicly owned treatment works.
Applications are accepted year-round. New Mexico offers an online electronic application form.