News Update
EPA extends application deadline for water infrastructure loans
Staff report
Enviro-Net
The deadline to submit letters of interest for Water Infrastructure Finance and Innovation Act loans was extended to July 31, 2018.
The announcement came as part of Infrastructure Week and highlighted the importance of working together with the water sector on a variety of topics, including affordability, governance, and the Clean Water and Drinking Water State Revolving Funds.
Also in conjunction with Infrastructure Week, the Agency released a new interactive website that showcases leading efforts by states, public water systems, and communities to replace lead service lines.
Established by the Water Infrastructure Finance and Innovation Act of 2014, the WIFIA program is a federal loan and guarantee program at EPA that aims to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects.
WIFIA can provide up to 49 percent of the financing for a project and a state SRF could provide additional financing for the remaining eligible project costs. The WIFIA program received $63 million in funding in the Consolidated Appropriations Act, 2018, which was signed into law on March 23, 2018.
For more information about the WIFIA program and resources to use when applying, visit www.epa.gov/wifia.