The U.S. Environmental Protection Agency (EPA) is holding a series of informational sessions across the nation to educate the public about the Water Infrastructure Finance and Innovation Act (WIFIA).
WIFIA establishes a new financing mechanism to accelerate investment in our nation’s water infrastructure. The program will provide loans for up to 49% of eligible costs for projects that cost at least $20 million for large communities or at least $5 million for small communities.
Water Environment Federation (WEF; Alexandria, Va.) staff attended EPA’s session held in New York on Nov. 7. They heard EPA staff describe the program in detail, covering everything from the criteria for potential projects to the application and selection process, before answering questions about the types of projects that can apply and how to structure financing for a WIFIA loan. Learn more about the program and access resources on EPA’s WIFIA website.