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Municipal Finance Regulations (N.J.A.C. 7:22)


Water Pollution Control Act
(N.J.A.C. 7:14)

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Municipal Finance and Construction Element

Water Drop

The New Jersey Water Bank - NJWB (formerly New Jersey Environmental Infrastructure Financing Program - NJEIFP)

The New Jersey Water Bank - NJWB (formerly New Jersey Environmental Infrastructure Financing Program - NJEIFP) is a partnership between the New Jersey Department of Environmental Protection (NJDEP) and the New Jersey Environmental Infrastructure Trust (Trust) to provide low cost financing for the design, construction, and implementation of projects that help protect and improve water quality and help ensure safe and adequate drinking water.

The NJWB finances projects by utilizing two funding sources. The Trust issues revenue bonds which are used in combination with zero percent interest funds to provide very low interest loans for water infrastructure improvements. The NJDEP administers a combination of Federal State Revolving Fund (SRF) capitalization grants, as well as the State's matching funds, loan repayments, State appropriations and interest earned on such funds.

Since its first loan in 1987, the NJWB has funded approximately 1,350 loans totaling nearly $7.0 billion providing an estimated $2.6 billion interest cost savings to the State’s taxpayers and ratepayers. In addition, the NJWB has 145 funded projects under its Short-Term Loan Program totaling approximately $1.0 billion which will be converted upon construction completion to Long-Term loans. In aggregate, these projects have provided over 135,000 direct construction jobs and countless other related jobs.

What We Fund

View our program catalog and find out what we are funding in 2017.

NJEIFP 2017 Funding Program Catalog

Municipalities and local government units can save money for a wide variety of water and environmental infrastructure projects by applying for low cost financing through the NJWB. Learn how two New Jersey municipalities funded their projects.

How To Apply

The NJWB is accepting all loan applications on a rolling basis through the program’s online application system, H2LOans. For more information on how to apply, click here.

NJWB Intended Use Plan and Project Priority List

Program Contacts

  • Eugene Chebra, Assist. Director, Municipal Finance and Construction, (609) 292-8961
  • Paul Hauch, Bureau Chief, Bureau of Construction, Payments & Administration (BCPA) (609) 292-3114
  • Charles Jenkins, Bureau Chief, Bureau of Environmental, Engineering and Permitting (609) 984-4429

Program Survey

Have Feedback on the NJWB? Take Our quick survey.

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Last Updated: May 31, 2023