EPA announces $5.8 billion for SRFs

As part of the fourth Investing in America tour, Vice President Kamala Harris and U.S. Environmental Protection Agency Administrator Michael S. Regan recently announced more than $5.8 billion from President Joe Biden’s Investing in America agenda for states, Tribes and territories to invest in drinking water and clean water infrastructure upgrades.

EPA is announcing a $5.8 billion investment through the Clean Water and Drinking Water State Revolving Funds (SRF), one of EPA’s signature water investment programs. This multi-billion-dollar investment will fund state-run, low-interest loan programs to address key challenges, with $2.6 billion going to the Clean Water SRF for wastewater and stormwater infrastructure and $3.2 billion going to the Drinking Water SRF for drinking water infrastructure.

The funding is part of the more than $50 billion investment in water infrastructure upgrades from the Bipartisan Infrastructure Law. Nearly half of the funding will be available as grants or principal forgiveness loans.

“With $50 billion in total, the largest investment in water infrastructure in our nation’s history, EPA will enable communities across the nation to ensure safer drinking water for their residents and rebuild vital clean water infrastructure to protect public health for decades to come,” said EPA Administrator Michael S. Regan.

The announcement includes allotments for Bipartisan Infrastructure Law General Supplemental funds and Emerging Contaminant funds for SRF programs for fiscal year 2024. EPA said it anticipates announcing allocations for billions of dollars in additional resources for the Bipartisan Infrastructure Law Lead Service Line Replacement fund later this spring. 

Bipartisan Infrastructure Law Update

Since 2022, the Bipartisan Infrastructure Law has injected $21.9 billion into water infrastructure projects across the country protecting public health, preserving water resources, and creating jobs. To read more about some additional projects that are underway, see EPA’s recently released Quarterly Report on Bipartisan Infrastructure Law Funded Clean Water and Drinking Water SRF projects.   

The Bipartisan Infrastructure Law dedicates more than $15 billion to replacing lead service lines. Through the Lead Pipe and Paint Action Plan and Get the Lead Out Partnership, the Biden-Harris Administration has made accelerating the removal of lead service lines a top priority, with a goal of replacing 100% of lead service lines, a key element under the proposed Lead and Copper Rule Improvements. The DWSRF general supplemental funding may be used to achieve this goal. In the coming months, the agency said it will allocate additional resources exclusively for lead pipe removal and replacement through the Bipartisan Infrastructure Law’s Lead Service Line Replacement fund.

Leave a Reply

Your email address will not be published. Required fields are marked *