EPA extends WIFIA deadline

WASHINGTON – The U.S. Environmental Protection Agency (EPA) announced May 15 that the deadline to submit letters of interest for Water Infrastructure Finance and Innovation Act (WIFIA) loans has been extended to July 31, 2018. EPA sent letters to governors of 56 states, territories, and tribal leadership regarding the deadline extension that are for “critical water infrastructure improvements” for communities. The WIFIA program is a federal loan and guarantee program at EPA that aims to accelerate investment in the nation’s water infrastructure by providing long-term, low-cost supplemental loans for regionally and nationally significant projects. WIFIA can provide up to 49 percent of the financing for a project and a state SRF could provide additional financing for the remaining eligible project costs. The WIFIA program received $63M in funding in the Consolidated Appropriations Act of 2018. (Source: EPA 05/15/18)