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ARTICLE · 13 SEPTEMBER 2024

EPA Announces $7.5 Billion In Available Loans For Water Infrastructure Projects

Nossaman LLP
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On September 6, 2024, EPA announced $7.5 billion in available loan funding through the Water Infrastructure Finance and Innovation Act (WIFIA). From that total, $6.5 billion is available through WIFIA loans and $1 billion...

United StatesEnvironment
Alexander J. Van Roekel
Alexander J. Van Roekel
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On September 6, 2024, EPA announced $7.5 billion in available loan funding through the Water Infrastructure Finance and Innovation Act (WIFIA). From that total, $6.5 billion is available through WIFIA loans and $1 billion is available through the State Water Infrastructure Financing Authority (SWIFIA).

Background

WIFIA was established in 2014 and SWIFIA was authorized in 2018. EPA provides a variety of resources on its WIFIA website, including a one-pager detailing WIFIA, details on the loan process, and a program handbook that includes a substantial amount of information.

The WIFIA program has issued over 100 loans for $20 billion dollars. Roughly one-third of the loans (46 in total) have been issued to parties in California. Further, there are 65 pending loans, 21 of which are for California.

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