Upcoming Projects? Learn How to Maximize SRF Funding in 2025
78.7% of communities we’ve interviewed have an upcoming project or need support. We strongly encourage communities to explore funding sources like the State Revolving Fund (SRF), which offers critical financial assistance for water, wastewater, and stormwater projects in Colorado.
What You Need to Know About SRF Grants
The SRF Planning Grant offers up to $10,000 to assist with project needs assessments and environmental assessments, helping you secure SRF loans. This grant is specifically targeted to make the SRF application process more manageable for smaller systems.
Eligibility Criteria:
- The project must be on the current or subsequent year’s project eligibility list.
- Serves a population of 10,000 or less.
- Must meet primary and secondary criteria for disadvantaged communities, as outlined in state guidelines.
Upcoming 2025 Changes to the SRF Process
To ensure more equitable access to funding, the SRF is introducing a priority point threshold system for project applications in 2025. Here’s how it works:
- Projects that meet or exceed the priority point threshold may apply during any loan cycle throughout the year, including both “Open” and “Limited” cycles.
- Projects scoring below the thresholdcan only apply during designated “Open” cycles.
Applicants will receive a preliminary score at the Pre-qualification stage and a final score at the Project Needs Assessment stage, offering clarity on project eligibility and timing for loan applications.
Proposed Loan Cycle Schedule:
- January 5th (leveraged) – Open Cycle
- February 5th – Open Cycle
- April 5th – Limited Cycle
- June 5th (leveraged) – Limited Cycle
- August 5th – Limited Cycle
- October 5th – Limited Cycle
- November 5th – Limited Cycle
Why This Matters for Your Community
By implementing this new prioritization system, the SRF aims to ensure high-priority projects receive the funding they need. This shift moves away from a first-come, first-served approach, enhancing transparency and predictability for applicants. Utilizing SRF resources can alleviate financial pressures, improve infrastructure, and help communities comply with evolving regulations.
Act Now to Make the Most of SRF Funds
Curious if your project qualifies for SRF assistance? Taking advantage of these funds can relieve financial strain and accelerate much-needed upgrades. Our team can help guide you through the eligibility criteria, planning requirements, and application process.
Explore Resources:
- Visit the CDPHE SRF Information Portal for comprehensive guidelines.
- Reach out to your designated project manager for personalized assistance and updates on the latest changes.
Stay Informed
We’ll share our full findings and recommended solutions at the upcoming Colorado Rural Water Conference in March 2025. Until then, stay connected for updates that could change the way you manage your system’s efficiency.