Summary
On January 10, the Environmental Protection Agency (EPA) announced the availability of $1 billion in loans for the Water Infrastructure Finance and Innovation Act (WIFIA), financed by a $20 million appropriation in the fiscal year (FY) 2017 continuing resolution (CR). WIFIA is a credit assistance program providing direct loans and loan guarantees to states and other entities for water infrastructure projects. This Issue Brief provides a summary of the WIFIA program and the application process for the new funds.