EPA Sends Invitations to 3 States for SWIFIA Program

The SWIFIA program, established in the 2018 America’s Water Infrastructure Act (AWIA), is a loan program within the Water Infrastructure Finance and Innovation Act (WIFIA) program that is exclusively for state infrastructure financing authority borrowers, commonly known as State Revolving Fund (SRF) programs. In July 2020, EPA announced the availability of SWIFIA loans along with a deadline of September 15, 2020 for states to submit letters of interest. EPA received three letters of interest from California, Iowa, and Rhode Island and is now inviting all three candidates to apply for $695 million in SWIFIA loans. This funding will help states increase their capacity to finance infrastructure projects to improve water quality and protect public health. Before Congress established the SWIFIA program, two state SRFs were selected to receive WIFIA loans: in 2019, EPA closed a $436 million WIFIA loan with the Indiana Finance Authority and the New Jersey Infrastructure Financing Authority was invited to apply for a $149 million WIFIA loan. For more information about the SWIFIA program, visit: https://www.epa.gov/wifia/what-swifia.

Water Infrastructure Finance and Innovation Act (WIFIA) | US EPA