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:
- $5 million for approximately $500 million in loans exclusively to State infrastructure financing authority borrowers under the State infrastructure financing authority WIFIA (SWIFIA) program
- $50 million for approximately $5 billion in loans to all eligible borrowers under the WIFIA base program
EPA estimates that it will publish a Notice of Funding Availability (NOFA) for both the base program and SWIFIA program in May 2020. This timing is necessary due to the additional requirements mandated by the Appropriations Act, which must be completed prior to issuing the 2020 NOFA.
Read more at:
https://www.epa.gov/wifia
