Infrastructure State Revolving Fund (ISRF) Program

The ISRF Program provides financing to public agencies and non-profit corporations sponsored by public agencies for a wide variety of infrastructure and economic development projects (excluding housing). ISRF Program funding is available in amounts ranging from $50,000 to $25 million, with loan terms for the useful life of the project up to a maximum of 30 years.

 

Board Approved ISRF Financings

Who Can Apply

Eligible Applicants

Include, but are not limited to: any subdivision of a local government, including cities, counties, special districts, assessment districts, joint powers authorities and non-profit corporations (as deemed eligible).

Eligible Projects Include, but are not limited to:
City streets
County highways
State highways
Drainage, water supply and flood control
Educational, cultural and social facilities
Environmental mitigation measures
Goods movement-related infrastructure
Parks and recreational facilities
Port facilities, public transit
Power and communications facilities
Public Transit
Sewage collection and treatment
Solid waste collection and disposal
Water treatment and distribution
Defense conversion
Public safety facilities
Military infrastructure
Industrial, utility and commercial
Sources of Financing Repayment:

Water, sewer and other enterprise revenues
General fund revenues
Property assessments
Mello-Roos
Special taxes
Other recurring revenues acceptable to IBank


Eligible costs for financing include:

  • All or any part of the cost of construction, renovation, and acquisition of all lands, structures, real or personal property.
  • Rights, rights of way, franchises, licenses, easements, and interests acquired or used for a project.
  • The cost of demolishing or removing any buildings or structures on land so acquired, including the cost of acquiring any lands to which the buildings or structures may be moved.
  • The cost of machinery, and equipment.
  • The cost of architectural, engineering, financial and legal services, plans, specifications, estimates, and administrative expenses.
  • Other expenses necessary or incidental to determining the feasibility of any project or incidental to the construction, acquisition, or financing of any project.

ISRF Project Map

Locate ISRF projects with our searchable map.

Why Choose ISRF?

  • Cost-effective: below-market interest rates.
  • Easy, on-line, fillable applications continuously accepted.
  • No competitive rating and ranking of applications.
  • Technical assistance available
  • No matching funds requirement. May serve as matching funds for other financings.
  • No federal overlays.

How to Apply

Applications are continuously accepted and are available below. We encourage you to call us before applying. IBank representatives provide technical assistance and work with you throughout the process. IBank’s Board of Directors normally meet each month to consider approval of applications received prior to the meeting date. Check here for board meeting deadlines.

*In order to use this version of the application, you will need to have Adobe Acrobat Reader. The latest version of Acrobat Reader is available to download free from  Adobe's website. Submit completed applications, or questions, via email to  or by mail to P.O. Box 2830 Sacramento, CA 95812-2830. Please be sure to download and save the application PRIOR to entering any data

For questions about the ISRF Loan Program or to apply for financing, please contact:

Tom Dear, Loan Origination Manager

California Infrastructure and Economic Development Bank (IBank)
Office Address: 1325 J Street, Suite 1823, Sacramento, CA 95814
Mailing Address: P.O. Box 2830, Sacramento, CA 95812-2830
Email: LoanProgram@ibank.ca.gov
Phone: (916) 341-6600
FAX: (916) 322-6314

Receive IBank Announcements,
News Alerts and Press Releases

IBank On Twitter

Follow Us