Stormwater Project Accelerator

Program Overview

The Stormwater Project Accelerator (SPA) provides upfront capital for green stormwater infrastructure projects that will eventually be funded through state and local reimbursement grants.

How It Works

  • Eligible projects must secure state or local funding and provide a signed grant agreement
  • Eligible projects include green infrastructure, nature-based solutions, and stormwater best management practices which address water quality issues
  • Municipalities, non-profit organizations, and utilities are eligible to participate in the program
  • Individual agreements and financing timelines for loans made through the Stormwater Project Accelerator are made on a case-by-case basis
  • Loans are interest free and a 1.5% fee will be charged on the total loan amount to cover loan administration

Additional Resources


For more information about the Stormwater Project Accelerator, please contact:

Anthony Hebert

Business Development Officer
Rhode Island Infrastructure Bank