WIFIA

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

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

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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 more

Economic Conditions Favorable for Replacing Underground Infrastructure

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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

$1.5 Billion Available for WIFIA Loans

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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

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

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