Is WIFIA Funding Currently Available?
For FY 2020, EPA has approximately $6 billion in WIFIA loans to finance approximately $12 billion in water infrastructure investment. Congress provided $55 million in budget authority for the Water Infrastructure Finance and Innovation Act (WIFIA) program in the “Further Consolidated Appropriations Act, 2020,” (Appropriations Act) signed by the President on December 20, 2019. The appropriation is divided into two parts:
- $50 million for approximately $5 billion in loans to all eligible borrowers under the WIFIA base program
- $5 million for approximately $1 billion in loans exclusively to State infrastructure financing authority borrowers under the State infrastructure financing authority WIFIA (SWIFIA) program
WIFIA is currently reviewing FY 2020 WIFIA Letters of Interest.