This additional investment would make new grant and loan funding available for states and localities across the country, giving them both a new source of financing and the flexibility to design projects and financing packages to meet their needs.
At the same time, EPA is making updates that will allow cities greater flexibility to take advantage of creative financing options for storm water infrastructure, including private funding.
To attract this growing pool of borrowers, lenders repurposed "creative financing" products that had previously been marketed to high-income borrowers seeking flexibility with their money.