Wastewater/Stormwater and Drinking Water Loans
Illinois Environmental Protection Agency
Who can apply
public or private applicants for the design and construction of a wide variety of projects that protect or improve the quality of Illinois’ water resources
About this opportunity
SRF LOAN INTEREST RATES -- July 1, 2025 through June 30, 2026 -- Base Rate: 2.16% Small Community Rate: 1.62% * Hardship Rate: 1.00% * * Only certain projects qualify for the Small Community and the Hardship Rate. Reference the loan rules for each program for additional details. ATTENTION: The Federal Build America, Buy America Act (BABA) is applicable to all SRF loan projects. All SRF funded projects need to comply with BABA requirements starting July 1, 2024. BABA_Guidance.pdf Effective immediately, all loan funded projects exceeding a total project cost of $500,000 are subject to Illinois Works Jobs Program Act Apprenticeship Initiative requirements. This requirement is overseen by the IL Department of Commerce and Economic Opportunity (DCEO). Forms and instructions for loan applicants ...