Alaska CWSRF IUP

In SFY20, the SRF Program plans to fully implement Micro Loans, offering loans up to $500,000 per project with terms of up to 20 years and principal forgiveness ranging from 50% to 90%. Pro Fi offers an alternative to project-by-project financing by funding eligible work within the utility’s capital improvement project portfolio for AWWU Anchorage Water and Wastewater Utility. With implementation of Pro Fi, the SRF Program can modify its approach to equivalency requirements in an effort to reduce the administrative burden on the majority of borrowers. ADEC has identified many goals, only one of which to “foster coordination with other programs and agencies to improve assistance to borrowers in their efforts to achieve compliance and improve water quality”. Expect additional subsidy definitions, priority criteria of point source projects, and the years’ project priority list to follow standard overview.