SF receives $369M in federal loans to bolster stormwater infrastructure
Federal environmental officials on Thursday awarded a loan to the city of San Francisco — in the hundreds of millions of dollars — to improve the city’s stormwater infrastructure. The Environmental Protection Agency gave the city $369 million in loans under the Water Infrastructure Finance and Innovation Act, which could expand to $791 million in the future. Passed in 2014, the federal loan program administered by the EPA provides facilities with long-term, low-interest credit assistance so they can complete water infrastructure improvement projects.