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How to Apply for WIFIA Assistance

On this page:

 

Application Process Overview

 

The WIFIA application process is two phases:

Phase 1: Project Selection: EPA announces the amount of funding it will have available and solicits letters of interest from prospective borrowers. In their letters of interest, prospective borrowers demonstrate their project's eligibility, creditworthiness, engineering feasibility, readiness to proceed, and alignment with EPA’s policy priorities. Based on this information, EPA selects projects which it intends to fund and invites the prospective borrowers to continue to the application process. 

Phase 2: Project Review, Negotiation, and Closing: Each invitee must apply for its WIFIA loan. The WIFIA program conducts a detailed financial and engineering review of the project. Based on that review, the WIFIA program proposes terms and conditions for the project and negotiates them with the applicant until they develop a mutually agreeable term sheet and loan agreement. Prior to closing, the WIFIA program must receive approval from the Administrator or his designee and the Office of Management and Budget. At closing, the prospective borrower executes the credit agreement, which is the binding legal document that allows the borrower to receive WIFIA funds.

For more details on the application process, see the WIFIA Program Handbook.

Notice of Funding Availability

When EPA receives its appropriation, the WIFIA program issues a Notice of Funding Availability (NOFA) to solicit letters of interest from prospective borrowers seeking financing from EPA.

In its FY 2018 NOFA, the WIFIA program opened its second selection round and allowed prospective borrowers to submit letters of interest from April 12, 2018 to July 31, 2018. It also announced two priorities:
  • Provide for clean and safe drinking water, including reducing exposure to lead in the nation’s drinking water systems; and
  • Repair, rehabilitate, and replace aging infrastructure and conveyance systems.
 
In response to the FY 2018 NOFA, the WIFIA program received 62 letters of interest requesting $9.1 billion in loans and selected 39 projects to apply for $5 billion in loans.
 
In the Consolidated Appropriations Act, 2018, signed by the President on March 23, 2018, Congress provided $55 million in budget authority for the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA) program to cover the subsidy required to provide a much larger amount of credit assistance. EPA estimates that this budget authority may provide approximately $5.5 billion in credit assistance and may finance approximately $11 billion in water infrastructure investment.
 

Application Materials

Prospective borrowers must submit a letter of interest for their project to the WIFIA program by July 31, 2018. In the letter of interest, the prospective borrower provides information to demonstrate its projects eligibility, financial creditworthiness, engineering feasibility, and alignment with EPA’s policy priorities. If EPA selects the projects, then the prospective borrower is invited to submit an application. EPA will only select projects that it expects might reasonably proceed to closing.

WIFIA Letter of Interest Form

Prospective borrowers should submit a completed letter of interest form for their project to the WIFIA program. In the letter of interest, the prospective borrower provides information to demonstrate its projects eligibility, financial creditworthiness, engineering feasibility, and alignment with EPA’s policy priorities.
 

WIFIA Letter of Interest Frequent Questions

Answers to frequent questions to assist prospective borrowers with preparing their WIFIA credit assistance letters of interest.
 

WIFIA Letter of Interest Checklist

Prospective borrowers can use this checklist as a guide when completing the WIFIA Letter of Interest Form.
 

Sample Letter of Interest

This document serves as an example of a completed WIFIA Letter of Interest.
 

Sample Financial Pro Forma

Prospective borrowers should provide a summary financial pro forma as part of their letter of interest submission. This document serves as an example of the type of information that prospective borrowers should include in the pro forma provided to the WIFIA program.
 

WIFIA Application Form

If EPA selects the projects, then the prospective borrower is invited to submit an application. EPA will only select projects that it expects might reasonably proceed to closing.
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