Salus
February 2020
www.epa.gov/wifia
email: wifia@epa.gov
Publication Number: 830R20001
WIFIA
PROGRAM

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A MESSAGE FROM OUR DIRECTOR
I am excited to present the Water Infrastructure Finance and Innovation Act (WIFIA) program's first Annual Report, Since 2014,
the WIFIA program has grown from an idea for how we can help communities finance crucial water infrastructure projects to a
multi-billion dollar program. In building this new program, our operating principles have been to employ creativity, demonstrate
flexibility, and continuously adapt to meet water sector needs. This new Environmental Protection Agency (EPA) loan program
is tailored to assist communities across the country by providing low-cost financing to help implement their high priority water
infrastructure projects. With loans totaling $9 billion in the pipeline, we have a lot to look forward to, Over the next five years, we
will focus on the following priorities:
	Attracting and selecting a diverse set of projects in communities across the country;
	Building and maintaining positive and long-term relationships with our borrowers
and stakeholders by focusing on great customer service; and
	Offering an outstanding value proposition to the industry by creating a flexible,
customized loan product that complements other sources of capital like the State
Revolving Funds and bond market.
I want to thank our borrowers who have provided tremendous feedback on how
to improve our processes and have served as resources to other prospective borrowers.
We could not have achieved such early success without your early recognition of the value
of this program.
JORIANNE JERNBERG
DIRECTOR, WIFIA PROGRAM
CONGRESS CREATED WIFIA TO ADDRESS
GROWING WATER INFRASTRUCTURE NEEDS
In 2014, Congress passed the Water Infrastructure Finance and Innovation Act to establish a new
federal loan and guarantee program at the EPA to help meet the growing water infrastructure needs in
communities across the county.
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OUR MISSION
Accelerate investment in our nation's water and wastewater infrastructure
by providing long-term, low-cost supplemental credit assistance under
customized terms to creditworthy water and wastewater projects of
national and regional significance.
Over the past three years, Congress increased the program's lending capacity from $2.5 billion in 2017 to
$6 billion in 2019 due to stakeholder support, strong interest from prospective borrowers, and the
program's success in closing loans. Prospective borrowers demonstrated their need for low-cost financing
by submitting letters of interests for 156 projects requesting over $21 billion in WIFIA loans. The WIFIA
program has successfully closed 14 loans and has an active pipeline of pending applications for projects
that will result in billions of dollars in water infrastructure investment and thousands of new jobs.
The WIFIA program can finance a wide range of water and wastewater projects, including traditional
water and wastewater treatment plants and conveyance systems, water recycling and desalination plants,
drought prevention and mitigation projects, stormwater management, green infrastructure, non-point
source pollution control, and source water protection. Eligible WIFIA borrowers include local, state, tribal,
and federal government entities, partnerships and joint ventures, corporations and trusts, and State
Revolving Fund programs.
2019 WIFIA ANNUAL REPORT

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WIFIA LOANS SAVE
BORROWERS MONEY
From April 2018 to December 2019, the WIFIA program has closed
fourteen loans totaling over $3.5 billion in 10 states, saving borrowers
$1.2 billion compared to issuing bonds and improving water infrastructure
for over 20 million people. Our current borrowers include local
government entities, utilities, a State infrastructure financing authority,
and a joint powers authority. The 14 WIFIA loans, ranging in size from
$20.7 million to $699 million, are financing the rehabilitation and
construction of water, wastewater, and stormwater systems to address
aging infrastructure, meet regulatory requirements, and improve
communities' long-term strategic planning.
FISCAL YEAR 2019:
EPA SELECTED 38 NEW PROJECTS TO APPLY FOR WIFIA LOANS
Together, the selected borrowers are invited to apply for WIFIA loans totaling approximately $6 billion to
help finance over $12 billion in water infrastructure investments.
THE SELECTED PROJECTS BENEFIT
f 18 STATES
	 & 	
24 MILLION
PEOPLE HH
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REQUESTED LOAN AMOUNT TO
SUPPORT AGENCY PRIORITIES
Repair, rehabilitate, and replace
aging infrastructure:
$4.4 BILLION
Reduce lead and emergent
contaminants in drinking water:
$2.6 BILLION
Water reuse or recycling
project component:
$1.4 BILLION
o
2019 WIFIA ANNUAL REPORT
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BORROWER SPOTLIGHTS
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APRIL 2018: KING COUNTY GROUNDBREAKING
KING COUNTY
LOCATION: Seattle, Washington
WIFIA LOAN AMOUNT: $134.5 million
In April 2018, the WIFIA program closed its first loan to King County just 5.5 months after the
borrower applied. King County is constructing a new Wet Weather Treatment Station to treat
up to 70 million gallons of combined rain and wastewater a day, that would have otherwise
discharged directly to the Duwamish River without treatment during storm events.
BALTIMORE CITY DEPARTMENT OF PUBLIC WORKS
LOCATION: Baltimore, Maryland
WIFIA LOAN AMOUNT: $202 million
Baltimore is the first borrower to receive a loan for multiple projects. The 14 projects will
repair, rehabilitate, and replace existing wastewater conveyances, update treatment plants,
and manage stormwater. These projects will eliminate sanitary sewer overflows.
INDIANA FINANCE AUTHORITY
LOCATION: 20 communities across Indiana
WIFIA LOAN AMOUNT: $436 million
2019 WIFIA ANNUAL REPORT
The Indiana Finance Authority is the first State Revolving Fund to borrow directly from
WIFIA. This loan will help finance 23 wastewater and drinking water projects. The projects
will serve over 1.2 million people in both Indianapolis and small and medium Indiana
communities facing challenges with adequate and reliable water infrastructure.

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BORROWER SPOTLIGHTS

SILICON VALLEY CLEAN WATER
LOCATION: Redwood City, California
WIFIA LOAN AMOUNT: $218 million
The Regional Environmental Sewer Conveyance Upgrade Program will rehabilitate aging
wastewater infrastructure and construct new facilities to improve the system's reliability
and protect the San Francisco Bay. This borrower is the first Joint Powers Authority, allowing
four separate entities with unique needs and resources, to participate in a WIFIA loan.
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TUALATIN VALLEY WATER DISTRICT & CITY OF HILLSBORO
LOCATION: Beaverton and Hillsboro, Oregon
WIFIA LOAN AMOUNT: $387.7 million (TVWD), $250.5 million (COH)
The Tualatin Valley Water District and the City of Hillsboro will jointly implement the
Willamette Water Supply System project. Each borrower received a separate loan to implement
the project together. This project will accommodate current and future populations in both areas
and provide a water supply that is resilient against natural disasters, such as earthquakes.
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CITY OF OAK RIDGE
LOCATION: Oak Ridge, Tennessee
WIFIA LOAN AMOUNT: $20.7 million
The WIFIA program and Tennessee Drinking Water State Revolving Fund will jointly finance the
Oak Ridge Water Treatment Plant. The City of Oak Ridge will design and construct a new
ultrafiltration membrane drinking water treatment plant to replace the existing 80-year old
conventional treatment plant, which is currently at capacity and beyond its useful life.
2019 WIFIA ANNUAL REPORT

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ACCOMPLISHMENTS TO DATE
CLOSED 14 LOANS
e
TOTAL FINANCING
$3.5 BILLION

TOTAL SAVINGS
$1.2 BILLION
% of projects supporting Clean
Water Act and Safe Drinking
Water Act compliance
57%
INVITED 89 PROJECTS TO APPLY FOR FINANCING
Population served by selected projects
62 MILLION
$ Total fin
$13
inancing requests over
BILLION
FUNDS REQUESTED BY PROJECT TYPE
DRINKING WATER I WASTEWATER I WATER RECYCLING
COMBINED*
$3.9 BILLION $6.6 BILLION $1.3 BILLION $1.7 BILLION

GARNERED NATIONAL INTEREST
&

~
includes projects that
have wastewater and drinking
water components
Selected Project
Letter of Interest Submited
LOANS CLOSED FROM APRIL 2018 TO DECEMBER 2019
King County, $134.5 million
City of Omaha, $69.7 million
Orange County Water District, $135 million
San Francisco Public Utilities Commission, $699 million
City of San Diego, $614 million
Metropolitan St. Louis Sewer District, $47.7 million
Baltimore City Department of Public Works, $202 million
Miami-Dade County, $99.7 million
Silicon Valley Clean Water, $218 million
Tualatin Valley Water District, $387.7 million
City of Hillsboro, $250.5 million
Narragansett Bay Commission, $268.7 million
Indiana Finance Authority, $436 million
City of Oak Ridge, $20.7 million
2019 WIFIA ANNUAL REPORT
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