Introducing the SRF Explorer: every state’s revolving fund plan on one page
10 Nov 2026
Every state publishes a plan each year that says how it will spend its Clean Water and Drinking Water revolving fund money, and which projects are in line for it. The SRF Explorer puts all of those plans on one page.
State Revolving Funds are one of the most important sources of low-cost finance for water and wastewater projects in the United States. Each state runs two of them, one for clean water and one for drinking water, and each year it publishes an Intended Use Plan for each fund. The plan does two things. It sets out the money: what is coming in, and how much the state expects to lend. And it lists the projects: every utility that has asked for funding, usually ranked, with a line showing who makes the cut this year.
These plans are public, but they are not easy to use. They run to hundreds of pages, every state lays them out differently, and the project lists are often tables buried in an appendix. We read them so that you do not have to. The SRF Explorer covers the latest plan from all 50 states: 99 plans, 18,729 projects and more than 9,000 utilities.
It also replaces two older pages. If you used SRF Applications or the Intended Use Plans list, everything that was there is now in the Explorer, and your old links and bookmarks still work.
Start with the map
The Overview opens on a map of the country, shaded by how much each state plans to lend this year. Click a state and the whole page narrows to it. Click it again to go back to the national picture. You can also switch the map to show the amount sought or the number of projects, and limit it to clean water or drinking water.
The panel beside the map has four tabs:
- Briefing. The headline numbers and a handful of key facts: how much is being lent, how much is being asked for, which kinds of project are asking for the most, and the single largest project.
- Project types. Demand broken down by sector, application and sub-application. Click a segment to filter the page.
- Utilities. The utilities asking for the most.
- Money and demand. What the state has to lend, set against what its utilities are asking for.
There is far more demand than money
This is the number that surprises most people. Across the latest plans, projects are asking for $162.58 billion. The same plans expect $21.78 billion of new lending this year. Demand is seven and a half times the supply.
That gap is not spread evenly, and the Money and demand tab shows you where it is widest. In New York, projects are seeking more than 25 times the year’s new lending. In Ohio it is closer to four times. For anyone deciding where to spend their time, that difference matters: a project on the list in one state is a very different prospect from a project on the list in another.
The Explorer sorts every project into one of three groups, using the plan’s own words:
- On the funding list. The plan expects to fund the project this cycle.
- Eligible, not yet funded. The project is on the plan’s list, but it will be funded only if money frees up, or in a later cycle.
- Below the funding line. The project is ranked, but the plan does not expect to fund it.
On the money side, we keep three figures apart, because plans do. New lending is the money a state commits to new loans this year. Earlier commitments are loans already promised and still being paid out. Left to lend is what the plan says remains. States do not all report these in the same way, so wherever a figure comes from the funding list instead of a line in the plan, the page tells you.
Find the projects
The Projects tab is the full list. Each row shows the project, the utility, the plan it is in, what kind of work it is, its status, the amount it asked for and the funding the plan sets aside for it.
The filters on the left narrow the list by state, sector, application, plan status, amount sought and topic, or you can simply search. They apply to the map and its tabs as well, so you can pick a topic such as PFAS or lead service lines and watch the whole page reshape around it. When you have the list you want, export it to Excel.
Look for the small clock icon beside a project’s name. It means the same project appears in more than one plan. More than 1,300 projects have a different status in another plan, which is often the most useful thing to know about them: a project that has just moved onto the funding list is in a very different position from one that has been waiting for three years.
Open a project
Click any project and it opens in a window beside the list, so you never lose your place. Use the arrows to step through the list one project at a time.
The window answers the questions you would otherwise have to dig out of the plan. How much did the utility ask for? How much of that does the plan intend to fund, and how much of it will be forgiven? Where does the project rank, and is it above the line? If the project has appeared in earlier plans, its track record is there too.
And when you want to check something for yourself, “See the plan” opens the state’s own document, at the project’s page wherever we have it.
A note on years
States label their plans in different ways. Some use the state fiscal year, some the federal one, and a plan called “2027” in one state can cover the same money as a plan called “2026” in the next. The Explorer files every plan under the federal fiscal year, so you are always comparing like with like.
By default you see the latest plan from each state. Use the Federal fiscal year control at the top of the page to look at one year on its own, or at every plan we hold.
Try it: the largest wastewater treatment projects on the Texas funding list
- Open the SRF Explorer.
- Click Texas on the map.
- In the Application filter, choose Wastewater Treatment.
- In the Plan status filter, choose Fundable.
- Click the Projects tab. The list is sorted by the amount sought, largest first.
- Click a project to open it, then “See the plan” to read the source.
Where to find it
The SRF Explorer is open to all WIN users. In the main menu, open Opportunities and choose SRF Explorer.
The numbers in this post are from the plans as they stood on 10 November 2026. States publish new plans throughout the year, and the Explorer changes as we add them.
Open the SRF Explorer
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