EPA Press Office
 – Today, the U.S. Environmental Protection Agency (EPA) announced the 2022   notices of funding availability for the agency's Water Infrastructure   Finance and Innovation Act (WIFIA) program and the State Infrastructure   Financing Authority WIFIA (SWIFIA) program. This year's funding will   provide up to $6.5 billion in total funding to support $13 billion in   water infrastructure projects while creating more than 40,000 jobs.    "Water infrastructure provides the foundation   for healthy and vibrant communities by delivering safe drinking water   and returning our treated wastewater to the environment," said EPA Assistant Administrator for Water Radhika Fox.   "In too many communities, these essential pipes and pumps are decades   old and need to be upgraded. That's why EPA is providing $6.5 billion in   low-cost financing through WIFIA and SWIFIA that can help revitalize   our water systems while creating good paying jobs and delivering   significant economic benefits, especially in underserved and   overburdened communities."
    The notices of funding availability include   $5.5 billion for the WIFIA program and an additional $1 billion for the   SWIFIA program. This round of funding will prioritize funding in four   areas:
    - Increasing investment in economically stressed communities.
- Making rapid progress on lead service line replacement.
- Addressing PFAS and emerging contaminants.
- Supporting one water innovation and resilience.
By prioritizing investment in underserved   communities, EPA is considering prospective WIFIA borrowers consistent   with the goals of President Biden's Justice40 initiative. This   initiative intends to ensure that federal agencies deliver at least 40%   of benefits from certain investments, including water and wastewater   infrastructure, to underserved communities.
    To make WIFIA funding more adaptive to   ongoing community needs, EPA is changing the way it accepts letters of   interest from prospective borrowers. Letters of interest may be   submitted by prospective borrowers and received by EPA at any time on or   after September 6, 2022. The submission period will close when all   available funds are committed to prospective borrowers. A rolling   selection process allows EPA to provide year-round access to WIFIA   funding, quicker selection decisions to prospective borrowers, and   technical assistance to prospective borrowers. Since letters of interest   will be evaluated when they are received, EPA encourages submissions at   the beginning of the availability period. 
    EPA's WIFIA loan program is delivering the   benefits of water infrastructure improvements nationwide. To date, EPA   has closed 88 WIFIA loans that are providing over $15 billion in credit   assistance to help finance nearly $33 billion for water infrastructure   while creating nearly 100,000 jobs and saving ratepayers over $5   billion. 
    For more information about WIFIA and this funding announcement, visit: https://www.epa.gov/wifia.
    Background
    Established by the Water Infrastructure   Finance and Innovation Act of 2014, 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 credit assistance can be used for a wide range of projects, including:
    - Drinking water treatment and distribution projects.
- Wastewater conveyance and treatment projects.
- Nonpoint source pollution management program.
- Management, reduction, treatment, or recapture of stormwater.
- National estuary program projects.
- Enhanced energy efficiency projects at drinking water and wastewater facilities.
- Desalination, aquifer recharge, alternative water supply, and water recycling projects.
- Drought prevention, reduction, or mitigation projects.