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55 Water Projects Invited to Apply for EPA WIFIA Funds

The U.S. Environmental Protection Agency (EPA) announced that 55 new projects in 20 states are invited to apply for $5 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans, which will be leveraged to finance over $12 billion in water infrastructure projects.

See the source imageLast year, EPA received 67 letters of interest in response to the 2020 WIFIA Notice of Funding Availability (NOFA), 55 of which were selected to submit applications for loans. Three prospective borrowers have been placed on a waitlist.  Five of these projects are from states that have not had an entity selected for a WIFIA loan in the past, including Alabama, Iowa, Ohio, Texas, and West Virginia. Seven borrowers who have received a WIFIA loan in previous cycles or are in the process of closing a WIFIA loan have been invited to apply for additional financing. EPA announced last November that California, Iowa, and Rhode Island were invited to apply for a total of $695 million in loans through EPA’s new state infrastructure financing authority WIFIA program (SWIFIA).

More information and a full list of the 55 invited projects and entities is available here: EPA Invites 55 New Projects to Apply for WIFIA Loans to Improve Water Quality | U.S. EPA News Releases | US EPA