A significant chunk of this aid, exceeding $253 million, originates from the Bipartisan Infrastructure Law.
The Environmental Protection Agency (EPA) has committed around $336 million to enhancing the condition of New York's water infrastructure. According to a press release that was issued on October 5, 2023, the funds will be utilized for a variety of projects that fall within the purview of New York's Clean Water State Revolving Fund. This fund offers local governments with finance that is either interest-free or available at very low rates for water-related projects such as habitat restoration and sewage system upgrades.
Lisa F. Garcia, administrator of the Environmental Protection Agency's Region 8 office, stated that "Across America, EPA is investing in communities by supporting modern, stronger, and more resilient infrastructure, projects that also provide good jobs."
Kathy Hochul, the Governor of New York, gave a speech in which she discussed the state's dedication to the development of its water infrastructure as well as the significance of the money provided by the Environmental Protection Agency (EPA) in conjunction with the Environmental Bond Act of New York, which is worth $4.2 billion.
As evidence of the revolutionary potential of the program, Maureen A. Coleman of the New York State Environmental Facilities Corporation mentioned the recent provision of loans with zero percent interest to a number of municipalities. When it comes to the creation of brand new infrastructure, she underlined how important it is for the federal government and individual states to contribute funding in equal amounts.
The Clean Water State Revolving Fund (CWSRF), a program run by the EPA that strives to enhance water quality and make grants available across the country, is one such initiative. Revolving loans with low or no interest are offered through the 51 CWSRF initiatives, which are similar to environmental banks in that they are intended to continue the process of restoring the quality of the water.
