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Expanded Water Infrastructure Funding: Focus on Small and Rural Communities.

This Act reauthorizes and expands the federal Water Infrastructure Finance and Innovation Act (WIFIA) program, primarily benefiting small towns and rural areas. It lowers the minimum project cost eligible for loans to $1 million and provides technical assistance, making it easier for smaller communities to upgrade their water and wastewater systems. Furthermore, it extends the maximum loan repayment period for long-lived infrastructure projects up to 55 years, easing financial burdens for local governments.
Key points
Small communities (up to 25,000 residents) can now access federal loans for water projects starting at $1 million, down from the previous $5 million minimum.
Technical assistance (engineering and financial planning) is now available to help small communities prepare funding applications.
The maximum loan repayment period for major infrastructure projects is extended up to 55 years, lowering annual costs for local governments.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_6229
Sponsor: Rep. Schrier, Kim [D-WA-8]