The Las Virgenes-Triunfo Public Financing Authority (PFA) has secured more than $335 million in low-cost state and federal financing for the Pure Water Project Las Virgenes-Triunfo in Woodland Hills, CA.

The Pure Water Project Las Virgenes-Triunfo will transform surplus recycled water into a safe, reliable and locally controlled drinking water supply. When fully operational, the project could produce up to 30% of the region’s annual water needs, reducing its dependence on imported supplies and exposure to rising imported water costs.

The financing includes $84 million in loans and grants through the State Water Resources Control Board, $50 million of which comes from the Clean Water State Revolving Fund (CWSRF), and a $251 million Water Infrastructure Finance and Innovation Act (WIFIA) loan through the US Environmental Protection Agency.

Together, the two financing packages allow the Joint Powers Authority (JPA) to take advantage of favorable loan terms, grants, and flexible repayment terms that significantly reduce the amount customers would otherwise pay to finance the $466 million Pure Water Project.

The State Water Board financing package includes $15 million in grant funding and is projected to save about $75 million in interest over the life of the loan, translating to about $10 per month in savings on customers’ bills compared to market-rate financing.

The EPA’s $251 million WIFIA loan provides additional flexibility, including the ability to defer principal payments for several years following substantial completion of construction. That financing structure is expected to save an additional $13.6 million over the life of the loan and help manage the project’s impact on customer rates.

The investment comes as water leaders across California are calling for a more diversified approach to securing the state’s water future. The Association of California Water Agencies’ 2026 Vision for Our Water Future points to increasingly extreme swings between drought, flooding and diminishing snowpack as challenges that require California to invest in a broader portfolio of water supply solutions.

That means making better use of water already available within California’s communities. Projects like the Pure Water Project can turn a previously limited resource into a dependable local supply, reducing pressure on imported water systems while giving communities greater control over how they prepare for drought, emergencies and other disruptions.

Construction of the Pure Water Project is underway in Agoura Hills, with the project targeted for operation by 2030.