Infrastructure State Revolving Fund (ISRF) Program

The Infrastructure State Revolving Fund (ISRF) Program provides low-cost, direct loans to local governments and nonprofits sponsored by public agencies for a wide variety of public infrastructure and economic expansion projects (excluding housing) that improve and sustain communities, helping individuals and families thrive. Eligible projects include water and wastewater treatment plant upgrades or construction, venue or airport construction, or street repair and upgrades. The loan terms can range from $1 million to $65 million with loan terms for the useful life of the project up to 30 years. • Eligible applicants include public agencies, special districts, and non-profit corporations. • Eligible geographies include California. • Eligible costs for financing include construction, renovation, and acquisition of lands, structures, and real or personal property. Some key benefits of the ISRF Loan Fund program include saving time with a preliminary review process, submitting applications at any time, and receiving low, competitive, fixed-interest rates up to 30 years.