The Financial Assistance Center is dedicated to helping communities plan, finance and build water infrastructure projects that improve the lives of Missourians. The center provides financial assistance to applicants for projects including drinking water and wastewater infrastructure and a variety of other water quality improvements.
Congress established the State Revolving Funds (SRF) programs to provide states with a mechanism to offer low-cost financing for a wide range of drinking water and wastewater infrastructure projects. Managed by the Financial Assistance Center, the Clean Water SRF funds wastewater treatment, sewer rehabilitation and stormwater improvements. The Drinking Water SRF funds water treatment and distribution, water storage facilities, wells and interconnection/consolidation.
The Financial Assistance Center also offers grants that assist small communities in paying for engineering reports necessary to develop infrastructure projects and a state Small Borrower Loan program for small communities that need assistance financing small projects.
Building on the decades-long success of the SRF programs, Congress passed the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), which includes substantially increased funding for the State Revolving Funds. For more information, review the BIL Factsheet.