water infrastructure investments.
"As a federal-local-private partnership, this program will help expand water infrastructure systems to meet the needs of growing communities.
This investment will empower states, municipalities, companies, and public-private partnerships to solve real environmental problems in our communities, like the need for clean and safe water," said EPA Administrator Pruitt.
About a third of prospective borrowers indicated they plan to co-finance their projects with other funding tools available through EPA, the Drinking Water or the Clean Water State Revolving Funds.
EPA issued a Notice of Funding Availability (NOFA) on January 10, 2017, to solicit letters of interest from prospective borrowers seeking WIFIA credit assistance.
For its initial project selection round, EPA announced availability of up to $17 million of budget authority appropriated for the WIFIA program to provide credit assistance.
EPA estimates this budget authority will provide approximately $1 billion in credit assistance and finance over $2 billion in water infrastructure investment.
The deadline for submission was April 10, 2017.
Established by the Water Infrastructure Finance and Innovation Act of 2014, the WIFIA program is a new federal loan and guarantee program at EPA that aims to accelerate investment in our nation’s water by providing long-term, low-cost supplemental credit assistance for regionally and nationally significant projects.
For more information about the WIFIA program, visit: https://www.epa.gov/wifia