funding

WIFIA Legislation Would Provide Low-Cost Loans for Water Infrastructure Projects

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U.S. Senators John Hoeven (R-N.D.) and Cory Booker (D-N.J.) introduced legislation in late January to reauthorize the Water Infrastructure Finance and Innovation Act (WIFIA). The bill would help stimulate investment in water infrastructure, such as flood control, stormwater management, and wastewater treatment by supplementing Federal funding with long-term, low-cost loans and loan guarantees. Similar legislation has … Read more

USEPA Creates Water Finance Clearinghouse

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The U.S. Environmental Protection Agency (USEPA) launched a Water Finance Clearinghouse that allows users to search a database with more than $10 billion in water funding sources.  The database also includes more than 600 resources to support local water infrastructure projects, including regularly updated finance information. The Water Finance Clearinghouse can be searched by infrastructure … Read more

WIFIA Funding Eligibility

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The U.S. Environmental Protection Agency (USEPA) recently announced it is accepting letters of interest (LOI) for credit assistance for water infrastructure projects under the new Water Infrastructure Finance and Innovation Act (WIFIA) program. The WIFIA program will provide long-term, low-cost credit assistance in the form of direct loans and loan guarantees to creditworthy water projects. … Read more

Traditional Bonding vs. SRF

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As utility systems look to continue reinvesting in existing systems and expanding to serve new customers, one typical hurdle they face is how to pay for investments. Fortunate systems may have enough cash on hand or access to grant funding to offset the costs of needed improvements, but often a system will need to use … Read more

$500 Million in TIGER Grants Awarded

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Minnesota, South Dakota, and Utah are among the recipients of nearly $500 million in grant money for transportation projects across the country through the competitive Transportation Investment Generating Economic Recovery (TIGER) program. Scott County, Minnesota will receive $17.7 million for a highway freight interchange at the junction of US 169, Trunk Highway 41, and supporting … Read more

U.S. House & Senate Pass Separate Versions of WRDA

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The U.S. House of Representatives and U.S. Senate passed separate versions of the Water Resources Development Act (WRDA) of 2016 in September. The Senate passed S. 2848, WRDA, in mid-September. WRDA includes a key water infrastructure provision of $70 million. The funding would allow the Water Infrastructure Finance and Innovation Act (WIFIA) loan program to … Read more