How do I apply for CWSRF Financing?

In order to be considered for CWSRF financing, applicants will need to complete two major steps and submit the following:

1. A Project Listing Form- EFC staff use the project information provided to score, rank, and list projects in the Intended Use Plan (IUP); and
2. A Complete CWSRF Financing Application- if your project is listed on the Annual List of the IUP. This application provides details regarding the project costs, applicant credit information, and other information to size the financing and prepare documentation.

To check if your project is already listed, refer to the CWSRF IUP Annual or Multi-Year List.

After a project is listed on the CWSRF Intended Use Plan (IUP) Annual List, the applicant may submit a CWSRF financing application to EFC.  Although applications are accepted on a continuous basis, an application deadline is necessary to coordinate work on a large number of projects expected to participate in subsidized financings.  Applicants with projects below the IUP Annual List subsidy lines may submit a financing application at any time if interested in receiving unsubsidized financing.

Applications for subsidized financing can be submitted anytime prior to March 1st of each IUP financing period.  Applications for unsubsidized financing are accepted on a continuous basis. The application deadline for subsidized financings helps ensure that these financings can be closed by September 30th, the end of the IUP effective period.  If the deadline is not met, an applicant’s financing may be postponed to a future date. 

In order to meet your needs for timely access to your funds, you should plan on submitting your application at least four to five months prior to the time you need the funds.  This will give EFC adequate time to process your application, request clarification, prepare closing documents, and ensure you are able to receive disbursements. 

The CWSRF application for Municipalities was revised in October 2010 as part of EFC's continuing efforts to improve the application process. The forms and guidance documents in the revised and updated application package should be used going forward so that applicants will not be completing forms that are no longer required as part of the application. Previous forms that have already been completed may still be accepted by EFC,  but may need to be followed-up with additional information. Some significant changes in the revised package include: a revised application form, a revised application checklist, a revised MWBE guidance document, and a new guidance document titled "Typical Requirements for Financing Through the New York Clean Water State Revolving Fund." If you should have any questions regarding the application forms and guidance, please call EFC's toll-free number at (800) 882-9721.