The Kentucky Infrastructure Authority (KIA), under the Office of the Governor and administratively attached to the
Department for Local Government (DLG), provides financial help in the way of grant and loan assistance to communities for water and wastewater needs.
What is the SRF?
The State Revolving Fund (SRF) programs are low interest loan programs for drinking water, wastewater, stormwater or nonpoint source infrastructure projects. Examples include: water and sewer line replacements and extensions, new water storage tanks, tank refurbishment, treatment projects, and much more! Our loan terms consist of 20-30* year terms with competitive interest rates. Interest rates are set annually and have not been established for the 2020 funding cycle, however, current interest rates range from 0.5 percent to 3.0 percent.
How do I apply?
If you are interested in receiving funding from either SRF loan program, you must coordinate with your Area Development District Planner to prepare an electronic Project Profile. Information contained in the Project Profile will be used by the Division of Water to score and rank projects based on the published set of criteria. Requests for funding will not be accepted after the Call for Projects period ends.
How do I know if I will receive funding?
After the Call for Projects closes in December, the Division of Water scores all of the projects submitted for consideration and prepares a Project Priority List. This list is released in May of each year as part of the Intended Use Plan or IUP. Projects are funded in ranked priority order.
2019 Final Intended Use Plans
2019 Clean Water SRF Intended Use Plan
2019 Drinking Water SRF Intended Use Plan
Did you know that KIA offers a loan product specifically for planning and design? Commonly referred to as a “P&D loan”, a Planning and Design Loan has a set interest rate of 3 percent with a loan term of 5 years (interest rate subject to change annually). Depending on funding availability, priority funding for the subsequent construction project may be offered after the planning and design for the project is complete. P&D loans may be consolidated or “rolled” into a construction loan for the same project and will convert to the construction loan interest rate. Contact the loan staff at KIA for more information.