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  2. Water Infrastructure Finance and Innovation Act (WIFIA)

WIFIA Program Announcements

EPA Announces $123 Million WIFIA Loan to the City of Lake Oswego, Oregon

In September 2025, the City of Lake Oswego, Oregon closed a $123 million WIFIA loan for the Wastewater Treatment Facility Replacement Project. This project will help the city modernize its wastewater infrastructure by constructing a new wastewater treatment facility to replace its existing 60 year old plant. The new facility will be compliant with current structural code, mitigating impacts from seismic activity. Overall, this project improves the city’s wastewater services and reduces the risk of untreated wastewater spilling into the Willamette River.

  • Fact Sheet: Lake Oswego (pdf) (293.94 KB)

WIFIA Program Celebrates Substantial Completion of Toho Water Authority Project, Florida

Toho wastewater construction site

In 2020, the Toho Water Authority located in Kissimmee, Florida closed a $40 million WIFIA loan for its Accelerated Gravity Sewer Assessment and Rehabilitation Project. Recently finishing construction in 2025, this project included repairing, rehabilitating, and replacing sewer mains, sewer lines, and manholes. The project addresses regulatory requirements by increasing system efficiency and reducing sanitary sewer overflows that impacted the surrounding community. This project will ensure continued quality wastewater treatment services for the community served by Toho Water Authority.  

This was a complex project, with many components to consider in multiple locations. The authority listed improvements to hundreds of manhole replacements, 65 wastewater pumping station basins, and over 900,000 feet of gravity mains. To increase efficiency in reviewing and processing the loan, the WIFIA program created a “program of projects” structure. Through this innovation, WIFIA staff grouped projects more broadly, which minimized the time to close the loan and enabled Toho Water Authority to adjust projects for real-time requirements during construction.  

This flexible structure allows borrowers to finance multiple projects under a single loan, given that the projects serve a common purpose, include similar work, and have similar construction timeframes, generally limited to five years. Bundling a program of projects allows borrowers to use WIFIA loans to finance smaller projects that would not individually meet the WIFIA program’s minimum project cost requirements.

The Toho Water Authority completed a larger scope of work by combining smaller project components with construction across multiple locations into a single loan. Additionally, the loan incorporated a minimum spend requirement rather than funds being tied to specific projects. By using WIFIA financing, borrowers can use flexible structures to accelerate their water infrastructure projects and obtain financing certainty.


WIFIA Program Visits Hampton Roads Sanitation District Project Site

WIFIA Hampton loan construction site

In August 2025, the WIFIA program visited the Hampton Roads Sanitation District (HRSD) (pdf) (281 KB) in Virginia, which has three WIFIA loans, totaling $970 million as part of a $1.3 billion master agreement to implement its Sustainable Water Initiative for Tomorrow (SWIFT) Program. As the first major water recycling program on the east coast of the United States, the SWIFT Program is an innovative water treatment project to replenish the stressed Potomac Aquifer with clean, highly treated water by up to 120 million gallons per day. Currently, eastern Virginia is experiencing land subsidence, or sinking land, due to overuse of the Potomac Aquifer as a primary source of drinking water. This increases the risk of groundwater contamination from saltwater intrusion. The SWIFT Program will help reduce the rate of land subsidence, protect groundwater from saltwater intrusion, and allow for continued use of the aquifer for drinking water, benefiting nearly 2 million people.

Along with the WIFIA financing provided under a master agreement, HRSD will co-fund its $2.9 billion SWIFT Program with financing from the Virginia Clean Water State Revolving Fund as well as revenue bonds and borrower cash. This SWIFT Program is a large and complex undertaking with more than 40 individual capital projects using advanced treatment methods. HRSD will upgrade existing treatment facilities and build infrastructure, including wells, to inject highly treated water into the aquifer. HRSD has completed an average 64 percent of construction on the WIFIA-funded projects and is making strong, continuous progress towards SWIFT Program completion.

Water Infrastructure Finance and Innovation Act (WIFIA)

  • About WIFIA
    • Eligibility
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    • Limiting Ratepayer Impacts
    • Once-in-a-Generation Project
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Contact Us About the Water Infrastructure Finance and Innovation Act (WIFIA)
Contact Us About the Water Infrastructure Finance and Innovation Act (WIFIA) to ask a question, provide feedback, or report a problem.
Last updated on September 18, 2025
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