This agreement funds a capitalization grant, funded by the infrastructure investment and jobs act (IIJA) (PL 117-58), for the recipient's clean water state revolving fund program

EPA Region 1 awarded the Rhode Island Infrastructure Bank $19.849 million in Clean Water State Revolving Fund (CFDA 66.458) capitalization grant funding on October 1, 2025, under the Infrastructure Investment and Jobs Act.

The recipient provides low-interest financing to eligible water quality improvement and protection projects across Rhode Island through a state revolving loan fund. Activities include financing planning, design, and construction of wastewater treatment facilities and water quality management projects. All assistance is delivered as loans to sub-recipients rather than grants. The anticipated outcomes are improved and protected water quality and public health for citizens throughout the state.

The award carries a period of performance from October 1, 2025, through October 1, 2032, with place of performance in Rhode Island. The Rhode Island Infrastructure Bank operates as a child entity of the State of Rhode Island.

Sub-recipients receiving pass-through financing include the Narragansett Bay Commission, which received a sub-award on February 25, 2026, for the NBC Capital Improvement Program supporting wastewater treatment facility improvements, and the City of Warwick, which received a sub-award on December 1, 2025, for Oakland Beach Force Main Rehabilitation construction. This is a formula grant assistance type.

Activities:the recipients of these funds provide low interest financing to numerous subrecipients. Subrecipient:n/a - all SRF assistance will be provided as loans.outcomes:anticipated deliverables include financing planning, design, and construction of eligible water quality improvement and protection projects. The expected outcomes are to improve and protect water quality and public health. The intended beneficiaries include citizens throughout the state.