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San Diego approves up to $22M SRF loan (with possible $5M forgiveness) for Chollas Creek stormwater improvements
Summary
The council approved a Clean Water State Revolving Fund loan—$22 million at low interest, with up to $5 million potential principal forgiveness—to fund Chollas Creek green-infrastructure and storm-drain replacement projects estimated at $23.8 million. The project includes modular wetland systems and pipe replacements; construction is planned for 2027to 2029.
San Diego's City Council voted April 14 to accept a Clean Water State Revolving Fund (SRF) financing package for Chollas Creek green-infrastructure and storm-drain improvements. Finance staff described the project as design-complete with an estimated construction cost of $23.8 million; staff requested approval to enter a loan agreement for up to $22 million with the state and noted the project is eligible for a potential $5 million principal forgiveness award.
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