APWA Supports Legislation to Improve WIFIA Program
On September 16, the American Public Works Association (APWA) issued a letter of support for H.R. 8217, the WIFIA Improvement Act. This bipartisan legislation, introduced by Representative John Garamendi (D-CA) will help provide additional financing for vital large-scale water infrastructure projects across the nation.
H.R. 8217 would allow applicants to the Environmental Protection Agency’s Water Infrastructure Finance and Innovation Act (WIFIA) program to access 55-year loan terms for projects that have longer useful lifecycles. Doing so would give applicants additional flexibility in repaying the low-interest loans offered by the WIFIA program.
The WIFIA program is an essential tool used by communities across the country to meet the more than $700 billion need for investment in our nation’s water infrastructure. APWA has been supportive of the WIFIA program since its creation in 2014 and has worked to improve the program since that time. APWA and its members are supportive of efforts like the WIFIA Improvement Act to allow greater access and flexibility to necessary funding for investment in water infrastructure.
You can read APWA’s letter of support here.
You can read the press release from Rep. Garamendi’s office here.
You can read the text of the legislation here.