Projects for Underserved & Overburdened Communities The U.S. Environmental Protection Agency (USEPA) has announced the availability of approximately $100 million for projects that advance environmental justice in underserved and overburdened communities across the country. The funding is made possible by the Inflation Reduction Act and marks the largest amount of environmental justice grant funding ever … Read more
The U.S. Environmental Protection Agency (USEPA) announced that the deadline to submit letters of interest for Water Infrastructure Finance and Innovation Act (WIFIA) loans has been extended to July 31, 2018. “By extending the deadline to apply for a WIFIA loan, even more entities will be able to bring critical water infrastructure improvements to their … Read more
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
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
It appears 2017 will be a good year to construct or replace underground infrastructure. Thanks to relatively favorable interest rates, infrastructure projects are more affordable right now. “The interest rates in Federal and State funding programs such as the Drinking Water and Clean Water State Revolving Funds (DWSRF/CWSRF) and USDA Rural Development funding are at … Read more
The U.S. Environmental Protection Agency’s (USEPA) Water Infrastructure Finance and Innovation Act (WIFIA) program received an additional $8 million for credit subsidy in the Consolidated Appropriations Act of 2017. President Donald Trump signed the bill into law on May 5, 2017. The additional funding, combined with the $17 million appropriated for credit subsidy at the … Read more