U.S. EPA Announces $6.5 Billion in WIFIA and SWIFIA Water Infrastructure Financing
April 27, the U.S. Environmental Protection Agency (EPA) announced the availability of $6.5 billion in funding for the Water Infrastructure Finance and Innovation Act (WIFIA) program and state infrastructure financing WIFIA (SWIFIA) program. WIFIA/SWIFIA are federal credit programs administered by EPA for eligible projects including water and wastewater infrastructure, drought prevention/mitigation, and water reuse. Through WIFIA/SWIFIA, the federal government provides low-cost loans with a fixed interest rate to accelerate investment in critical water infrastructure projects.
$5.5 billion of this funding will go to WIFIA loans that directly finance eligible projects, prioritizing five areas:
Supporting economically stressed communities.
Protecting water infrastructure against the impacts of climate change.
Reducing exposure to lead and addressing emerging contaminants.
Updating aging infrastructure.
Implementing new or innovative approaches including cybersecurity and green infrastructure.
$1 billion in funding will go towards the SWIFIA program. In which loans are provided to state water infrastructure programs that are then able to finance water infrastructure projects at the local level.
Letters of interest from WIFIA applicants are due July 23, 2021. Letters of interest from SWIFIA applicants are due June 25, 2021. Pre-publication notices of funding availability can be found here
, and EPA’s announcement can be found here
If you have any questions, please reach out to APWA Government Affairs Manager Michael Altman at email@example.com
or (202) 218-6727.