Financing Programs

The New York State Environmental Facilities Corporation ("EFC") is a public benefit Corporation, empowered by State law to administer and finance the Clean Water State Revolving Fund and the Drinking Water State Revolving Fund pursuant to the federal Water Quality Act of 1987, as well as to administer the Pipeline for Jobs fund.  The Corporation also finances, through the issuance of special obligation revenue bonds under our Industrial Finance program, water management, solid waste disposal, sewage treatment and pollution control projects undertaken by or on behalf of private entities.  

Low cost short-term and long-term financing and grants are available for the funding and refinancing of eligible environmental projects through the State Revolving Funds.  The Clean Water State Revolving Fund provides financing for the construction of publicly-owned wastewater treatment facilities, other eligible water pollution control projects, and certain facilities undertaken as part of an estuary conservation and management plan. 

The Drinking Water State Revolving, admininstered jointly with the NYS Department of Health, provides a resource for financing various public drinking water systems  (including systems owned by for-profit entities and not-for-profit entitites) for expenditures for projects which will facilitate compliance with national and state drinking water regulations or otherwise advance the health-protection objectives of the Safe Drinking Water Act.  The Clean and Drinking Water State Revolving Funds are funded by federal capitalization grants and State matching funds.

The Corporation also provides financial assistance under its Environmental Farm Assistance and Resource Management (EFARM) , Cofunding for Water and Sewer Projects (New York Cofunding) , New York City Watershed Program, Clean Vessel Assistance Program (CVAP) and its Financial Assistance to Business Programs (FAB).

Bonds Issued

EFC has issued more than $10 billion in both tax-exempt and taxable revenue bonds under its Clean and Drinking Water State Revolving Fund programs and its Industrial Finance Program.  The amount outstanding by issue can be found by clicking this link Bonds Outstanding.