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.
CONSTRUCTION LOAN PROGRAM
INTEREST RATE
04/01/2020 - 06/30/2020
on dollars drawn.
RECENT ARTICLES View all
July 10th, 2020
MENDHAM BOROUGH LOAN CLOSINGThe Borough of Mendham recently closed on a $3,076,700 loan with the New Jersey Water Bank to finance planning and design activities for improvem...
Read MoreJuly 09th, 2020
PATERSON CITY LOAN CLOSINGPaterson City recently closed on a $2,458,630 loan with the NJ Water Bank to execute a change order for a previous project. In 2008, Paterson Ci...
Read MoreJuly 01st, 2020
CLINTON TOWN WATER MAIN REPLACEMENTClinton Town recently closed on a $1,448,187 loan with the NJ Water Bank to replace the West Main Street Water Main and for Asset Management planning....
Read MoreOUR SERVICES
FUN FACTS
TOTAL LOANS:
More than
$7,200,000,000
since 1987
TOTAL SAVINGS:
Ratepayers have saved
$2,372,000,000
since 1987
ESTABLISHED:
Serving NJ's water infrastructure for
31 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
1,304 LOANS PROVIDED
1,400 PROJECTS CONSTRUCTED
60% CLEAN WATER PROJECTS
40% DRINKING WATER PROJECTS
HELPFUL LINKS
LOCATION
