Stormwater Project Accelerator

Program Basics
 
 
The Stormwater Project Accelerator (SPA) provides upfront capital for green stormwater infrastructure projects that will eventually be funded through state and local reimbursement grants.
 
Are there eligibility requirements?

Eligibilities

  • Eligible SPA 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 SPA are made on a case-by-case basis
  • SPA loans are interest free but a 1.5% fee will be charged on the total loan amount to cover loan administration
  • Eligible projects must secure state or local funding and provide a signed grant agreement
How can I learn more?
 
 
 
 
More Information
Interested municipalities and non-profits should contact RIIB while applying for or soon after receiving commitment from a funding source to determine eligibility and loan process.
 
Stormwater Project Accelerator Contact

Shaun O'Rourke
Director, Stormwater & Resiliency
Rhode Island Infrastructure Bank
View Contact Information

 

SPA