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Project Readiness Bridge Loans
bridging the access to capital gap
Many US water and sewer systems are beyond their life expectancy and the estimated replacement cost is $150 billion. There is a strong precedent for water system operators to rely on complex stacks of rate-payer, State and Federal funding to rebuild critical infrastructure. In the current enviro-political landscape, this mélange of government funding will fall short of what is needed to update and rebuild the infrastructure
The application process and pathway to an award of government funding or low cost financing is time consuming and expensive. Many distressed communities fail to qualify because they can’t start the process. For small and rural utilities, there is little training or institutional flexibility to explore and adopt other approaches or sources. For this reason, many US communities fall into a funding/financing gap.
Many projects in underserved communities fail to qualify for government sponsored low cost funding because they cannot meet the eligibility requirements. These projects stall before they can start.
The Project Readiness Bridge Loan Program provides low cost of capital loans sourced from philanthropic and impact investors specifically to accelerate early stage water infrastructure projects in under-served communities.
Projects are selected based on environmental risk and community need. We will consider drinking water, wastewater, stormwater, recycled water, water storage and distribution projects in various stages of planning and development.
Our goal is to accelerate the process and end the anxiety and social injustice of not having a safe and dependable source of water. Public, private, non profit organizations are encouraged to apply
eligible projects
