WIFIA Selects King County as One of 12 Projects to Apply for Federal Loan
Established in 2014, the Water Infrastructure Finance and Innovation Act (WIFIA) is a federal loan and guarantee EPA program that assists with investing in water infrastructure through long-term, low-cost credit assistance for regional and national projects.
On December 10, 2016, President Obama signed the Further Continuing and Security Assistance Appropriations Act and Congress provided $17 million in budget authority for the WIFIA program. Earlier this year, WIFIA released its 2017 notice of funding availability. The EPA received nearly 50 letters of interest from public and private entities around the country. After a lengthy review process, WIFIA chose 12 prospective borrowers from around the country, which they announced today: