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North Carolina Revolving Loan and
Grant Program
Application & Forms
In 1987, the NC General Assembly created the North Carolina
Revolving Loan and Grant Program to provide state financing for the
construction of wastewater facilities. Funding for
this program is dependent upon legislative appropriations and may
not be available at all times. Eligible applicants are limited to units
of local government who may apply for funding from any of three
available funds:
- Low Interest Revolving Loans at one-half (1/2) of the market rate for
wastewater collection and treatment facilities for up to a maximum of
twenty (20) years. (Maximum Loan Amount: $8,000,000) *New* - Units of Government
that meet the high-unit cost threshold can receive an interest rate of 0%.
See the rules governing the program for details.
-
Low Interest Emergency Revolving Loans for certified water quality
or public health emergencies associated with existing facilities.
-
High-Unit Cost Grants for up to $3,000,000 per applicant over three fiscal
years to make projects more affordable by keeping user fees at a
reasonable level. To determine eligibility for high-unit cost grants,
compare the monthly water and sewer rates for your local
government unit to the average residential water and sewer bill. You
may average up to one year of consecutive monthly averages.
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