WIFIA Deadline Extended

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 moreWIFIA Deadline Extended

Federal Omnibus Spending Bill Includes $63M for WIFIA & $1.6B for DWSRF

In late March, the U.S. Congress and President Donald Trump approved a $1.3 trillion federal spending package that more than doubles the funding for the Water Infrastructure Finance and Innovation Act (WIFIA) as well as increasing the Drinking Water State Revolving Fund (DWSRF) loan program. Within the federal omnibus budget bill, WIFIA received $63 million … Read moreFederal Omnibus Spending Bill Includes $63M for WIFIA & $1.6B for DWSRF

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

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

Funding for WIFIA, DWSRF and CWSRF Included in President’s FY18 Budget

President Donald Trump’s Budget Request for fiscal year 2018 (FY18), includes funding for the Water Infrastructure Finance Innovation Act (WIFIA), Drinking Water State Revolving Fund (DWSRF), and Clean Water State Revolving Fund (CWSRF) programs, within the U.S. Environmental  Protection Agency (USEPA) budget. The WIFIA program received $20 million, with $17 million of that amount eligible … Read moreFunding for WIFIA, DWSRF and CWSRF Included in President’s FY18 Budget

Economic Conditions Favorable for Replacing Underground Infrastructure

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 moreEconomic Conditions Favorable for Replacing Underground Infrastructure

$1.5 Billion Available for WIFIA Loans

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$1.5 Billion Available for WIFIA Loans