NYS Environmental Facilities Corporation – Albany, NY

NYS Environmental Facilities Corporation

The New York State Environmental Facilities Corporation (EFC) is a public benefit corporation located at 625 Broadway in Albany, New York. Its primary mission is to assist communities throughout the state in undertaking critical water quality infrastructure projects. By providing low-cost capital and technical assistance, the EFC helps municipalities, businesses, and non-profit organizations comply with federal and state environmental regulations while protecting New York’s natural resources.

Funding Programs

The EFC administers several major revolving funds and grant programs:

• Clean Water State Revolving Fund (CWSRF): Offering interest-free or low-interest financing for wastewater and sewer infrastructure projects.
• Drinking Water State Revolving Fund (DWSRF): Providing financial support for public water systems to ensure safe drinking water.
• Green Innovation Grant Program (GIGP): Funding for projects that utilize green infrastructure to manage stormwater and improve air quality.

Services for Local Governments

While the EFC does not serve individual residential customers directly, it is a vital partner for local governments. Staff at the Albany headquarters assist town and city officials with the complex application processes for state and federal aid. They also provide engineering and financial analysis to ensure that infrastructure projects are sustainable and cost-effective for taxpayers.