EPA is releasing a suite of materials highlighting the innovative approaches states have used to successfully implement projects that address green infrastructure, water or energy efficiency, or other environmentally-innovative activities using the Clean Water State Revolving Fund’s (CWSRF) Green Project Reserve. The CWSRF program, through the reserve, is helping achieve innovative solutions to wastewater infrastructure needs, achieving economic and environmental benefits that will continue to accrue for years to come.
The Green Project Reserve requires all CWSRF programs to direct a portion of their capitalization grant toward projects that address green infrastructure, water or energy efficiency, or other environmentally-innovative activities. While these type of projects have always been eligible for CWSRF financing, the reserve originated with the American Recovery Act of 2009 (ARRA) when it was signed into law on February 17, 2009. With the success of the Green Project Reserve implemented under ARRA – approximately 30 percent of total ARRA funding for CWSRF projects went to reserve projects – the reserve has become a part of all subsequent CWSRF appropriations.