WIFIA
PROGRAM
The WIFIA program accelerates investment in our nation's water
infrastructure by providing long-term, low-cost supplemental loans for
regionally and nationally significant projects. The WIFIA program was
established by the Water Infrastructure Finance and Innovation Act of 2014.
APPLICATION REVIEW PROCESS
Application
Submission
Finalize
Documentation
Execution
Credit Due
Diligence &
Negotiation
A prospective borrower should submit a complete
for due diligence to begin.
CREDIT DUE DILIGENCE
EPA will review:
	Terms, conditions, financial structure,
and security features.
	Dedicated revenue source(s) securing
the financing and financial assumptions
of the proposed project.
	Borrower's financial soundness and
credit history and outlook.
	Strength of the business model and
project economics.
LEGAL DUE DILIGENCE
EPA will review and negotiate:
	Legal structure of proposed security.
	Term sheet and loan agreement.
Begin WIFIA
approval process
6 MONTH TIMELINE (EST.)
application within one year of invitation to apply
TECHNICAL DUE DILIGENCE
EPA will review:
Appropriate technology and technical
feasibility.
Technical risk factors.
Construction cost and schedule
estimate assessment.
Federal requirement compliance and
procurement documents.
Operation and maintenance plan.
Systems condition assessment.

Application Fee:
-	$100,000 for large communities
-	$25,000 for small communities
-	Due with application submission
-	Credited to credit processing fee
Credit Processing Fee:
-	Reimburses EPA for its financial, technical, and
legal advisory costs
-	Estimated range of $250,000 - $500,000
-	Varies with project complexity and risk
-	Due upon execution of loan
E-MAIL: wifia@epa.gov
WEBSITE: www.epa.gov/wifia
SIGN-UP: Join our email list at https://tinyurl.com/wifianews
SEPA

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