"We replaced all our lead service lines in Newark by strategizing with Water Bank Staff to maximize Principal Forgiveness."
Kareem K. Adeem, Director
City of Newark, Department of Water & Sewer Utilities
The New Jersey Water Bank provides low cost State funds and assistance for water infrastructure projects.
Thanks to a combination of low interest rates and other cost saving features, the Financing Program has saved New Jersey ratepayers and taxpayers over $2.58 billion.

OUR MISSION

The New Jersey Infrastructure Bank is an independent State Financing Authority responsible for providing and administering low interest rate loans to qualified municipalities, counties, regional authorities, and water purveyors in New Jersey for the purpose of financing water quality infrastructure projects that enhance ground and surface water resources, ensure the safety of drinking water supplies, protect the public health and make possible responsible and sustainable economic development.

SHORT-TERM LOAN PROGRAM
INTEREST RATE
0.4% APR

02/01/2024 - 02/29/2024
only on dollars drawn.

RECENT ARTICLES View all

CUMBERLAND COUNTY IMPROVEMENT AUTHORITY LOAN CLOSING

The Cumberland County Improvement Authority recently closed on a $5,919,704 loan with the New Jersey Water Bank to implement a series of improvements ...

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MIDDLESEX BOROUGH LOAN CLOSING

Middlesex Borough recently closed on a $1,120,286 loan with the New Jersey Water Bank to replace approximately 1,750 lead service lines with copper se...

Read More
MIDDLESEX COUNTY UTILITIES AUTHORITY LOAN CLOSING

Middlesex County Utilities Authority (MCUA) recently closed on a $17,800,000 loan with the New Jersey Water Bank to complete rehabilitation of its cen...

Read More

FUN FACTS

TOTAL LOANS:

More than
$7,622,000,000
since 1987

TOTAL SAVINGS:

Ratepayers have saved
$2,759,103,290
since 1987

ESTABLISHED:

Serving NJ's water infrastructure for
34 years

SYSTEMS SERVED:

317
Water systems

CURRENT DEMAND:

372
Applicants in SFY 2018 requesting
$3,430,000,000

INTEREST GRANTS:

Avg H2LOans borrower saves over
$500,000
in interest expense per
$1,000,000
borrowed

SIMPLE STATS

1,416 LOANS PROVIDED

1,666 PROJECTS CONSTRUCTED

71.61% CLEAN WATER PROJECTS

28.39% DRINKING WATER PROJECTS

CONTACT US

Have a question? Want more information?
Send us an email. Give us a call. We'd love to hear from you!

General Information

Borrower Audit Report Submission

NJ Water Bank

Technical Support for H2Loans

Phone Numbers
NJIB

609-219-8600

NJ Water Bank

609-219-8601

Address

3131 Princeton Pike
Building 4 Suite 216
Lawrenceville, NJ 08648

LOCATION

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NEW JERSEY  WATER BANK