EPA Announces Availability of New WIFIA Funding
Today (April 4), EPA announced the second round of WIFIA funding. EPA will accept applications for loans until Noon, EDT on July 6. 2018.
In the Consolidated Appropriations Act, 2018, signed by the President on March 23, 2018, Congress provided at least $55 million in budget authority for the WIFIA program to cover the subsidy required to provide a much larger amount of credit assistance. EPA estimates that this budget authority may provide approximately $5.5 billion in credit assistance and may finance approximately $11 billion in water infrastructure investment while covering EPA’s increased administrative costs associated with implementing a larger program.
