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How to Apply for WIFIA Assistance

On this page:

Application Process Overview

The WIFIA application process is three phases.

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

Phase 2: Project Approval: Each invitee must apply for WIFIA credit assistance. Using this information, 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. The Administrator demonstrates project approval by executing the project’s term sheet. 

Phase 3: Negotiation and Closing: Based on the term sheet, the WIFIA program finalizes the terms of credit assistance to the applicant. At closing, the Administrator (or his designee) and the prospective borrower execute 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

This Notice of Funding Availability (NOFA) is to solicit letters of interest from prospective borrowers seeking credit assistance from EPA. Prospective borrowers may submit letters of interest until July 31, 2018 at 12:00 p.m. (noon) EDT. It also announces two priorities for this selection round:
  • 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 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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