• Washington Public Works Board accepting loan applications now through July 9

    May 15, 2021

    $124 million in low-interest state loans available for public infrastructure projects

    OLYMPIA, Wash. --- The Washington State Public Works Board is accepting applications for infrastructure construction and pre-construction loans now through midnight, July 9, 2021. Cities, counties, special purpose districts and quasi-municipal organizations may apply. Infrastructure systems eligible for these very low-interest state loans include streets and roads, bridges, domestic water, storm water, sanitary sewer, and solid waste and recycling.

    Approximately $114 million is available for construction loans, and $10 million for pre-construction loans. This is the first loan application cycle of the new 2021-23 state budget. Funds are awarded to projects that pass through the rating threshold based on a competitive ranking process.

    Rating and ranking for construction and pre-construction applications begins July 12, and awards are expected in August. Depending on the number and qualifications of applicants, there is no guarantee funds will be available for future loan cycles. In the event that all funds are not expended in the first cycle, subsequent cycles will open every six months for construction loans and every four months for pre-construction loans.

    Emergency construction loan applications remain open on a first-come, first-served basis until all $5 million set aside for this program is exhausted.

    Virtual workshop May 19
    A virtual application workshop is scheduled for May 19, 2021. Potential applicants are encouraged to register and attend.

    Visit the Public Works Board financing webpage for more information and to complete the online application. Applicants may contact Traditional Programs Director and Tribal Liaison Connie Rivera, (360) 704-9535 with questions.