Opportunity Title:
IBank Infrastructure Loans
Description:
The Infrastructure State Revolving Fund (ISRF) Program is authorized to directly provide low-cost public financing to state and local government entities.
ISRF financing is available in amounts ranging from $50,000 to $25 million with loan terms for the useful life of the project up to a maximum of 30 years.
A few examples of ISRF financed projects include water and wastewater treatment plant upgrades or construction, venue or airport construction or street repair and upgrades.
Eligible applicants must be located in California and include any subdivision of a local government, including cities, counties, special districts, assessment districts, joint powers authorities and nonprofit organizations sponsored by a government entity.
Please note, while ISRF financing is available for many types of projects, housing is not allowed per our legislative statute.
Eligibility:
IBank Infrastructure State Revolving Fund applicants include, but are not limited to any subdivision of a local government, including cities, counties, special districts, assessment districts, joint powers authorities and non-profit corporations (as deemed eligible).
Maximum Award:
$25,000,000
Minimum Award:
$50,000
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.