Last Minute Loan Keeps Drinking Water Projects Afloat

Small, failing drinking water systems got a funding life preserver among a flurry of budget bills at the chaotic end of the California legislative session.

Drinking water advocates had fretted the Safe and Affordable Funding for Equity and Resilience (SAFER) program, intended to help struggling water systems in mostly poor, rural areas, would fall victim to the pandemic-flattened economy.

An Update on the WIFIA Loan Program

The U.S. EPA’s Water Infrastructure Finance and Innovation Act Loan Program was enacted in 2014 and became operational in 2017. WIFIA has now completed three solicitation rounds over the period 2017-2019, generating 90 competitively selected applications totaling $13.6 billion of loan volume, of which more than $5 billion has been closed.