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Water Education. Your Way.
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RURAL WATER FINANCING AGENCY
Enabling Borrowers to Collaborate on Financing Governmental Projects
Ready to Fund Your Project? Let’s Get Started.
Interim Loan Program
Fast, Flexible Construction Financing with USDA Takeout
The Interim Loan Program is designed to provide short-term construction financing for governmental projects. Borrowers benefit from a fixed rate for the term of construction, with all costs built into the loan rate and interest capitalized throughout the process.
Key Features
- Streamlined, efficient application and documentation
- Fixed construction loan rate (estimate: 4.90% for 2 years*)
- Average Net Cost of Funds: 1.97%*
- USDA Takeout at project completion
- All costs included in the loan rate
- Available to governmental borrowers in all 50 states
Flex Term Program
Long-Term, Fixed-Rate Financing — No DSRF Required
The Flex Term Program offers AA- rated, tax-exempt financing solutions with flexible terms ranging from 1 to 30 years. Designed for a wide variety of governmental project types, the program avoids the costly compliance burdens often associated with federal funding.
Key Features
- AA- rated tax-exempt structure
- No Borrower Debt Service Reserve Fund (DSRF) required
- Fixed rates available for 1–30 years
- Funding typically provided within 90–120 days
- Exempt from BABAA, AIS, and Davis-Bacon requirements
- 1.20x Debt Service Coverage required
- Estimated fixed rates: 4.22% for 15 years, 4.81% for 30 years*
EXPO
Best Tasting Water
We are now accepting applications for the “Best Tasting Water” competition. The winner will be announced at the 2025 Expo. Please click this LINK for the application.
Operator of the Year
Any nominee must be a certified water and/or wastewater operator, please click this link for the form for complete requirements.








California Water Infrastructure
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SUSP Utility Services
SUSP (Support Utility Services Program) provides a wide range of support services to utility companies, including project management, regulatory compliance, and operational support. Their focus is on enhancing the efficiency and sustainability of utility operations, ensuring that services are delivered effectively and compliantly.
Insurance Programs
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2020 CRWA Annual EXPO Canceled
California Rural Water Association (CRWA) has decided to cancel our Annual Expo scheduled for April 27-30, 2020 in South Lake Tahoe. Please contact the CRWA office with any questions that you may have. We appreciate your support and understanding. Due to the nature of...
GOVERNOR SUSPENDS PORTIONS OF THE BROWN ACT’S TELECONFERENCING RULES
Legal Alert Notice Provided by our Associate Members at Kronick Moskovitz Tiedemann & Girard On March 4, 2020, Governor Newsom declared a State of emergency due to the threat of COVID-19. In light of the ongoing threat of COVID-19, on March 12, 2020, Governor...
NRWA Statement on the COVID-19 Virus
The National Rural Water Association continues to monitor the coronavirus (COVID-19) outbreak and recommends all water and wastewater utilities review the best and latest information on the following trusted websites:...