New Jersey Future is pleased to share its report Improving a Program that Works: Prioritizing New Jersey Water Bank Projects in Disadvantaged Communities. The New Jersey Water Bank (NJWB), which finances water infrastructure projects, is a successful program that has provided over $9 billion in low-cost financing for water and wastewater projects.
New Jersey Future partnered with the Environmental Policy Innovation Center in producing the report, which analyzes NJWB awards (i.e., low-interest loans and principal forgiveness) over five years and also assesses the underlying policies governing how New Jersey defines disadvantaged communities. The report’s ten recommendations would increase the equity and effectiveness of the NJWB program and ensure that communities with the greatest needs receive adequate assistance.