The Corps Water Infrastructure Financing Program enables local investment in projects that enhance community resilience to flooding, promote economic prosperity, and improve environmental quality.
The Corps Water Infrastructure Financing Program is authorized by the Water Infrastructure Finance and Innovation Act (WIFIA) which was signed into law by the President on June 10, 2014 as part of the Water Resources Reform and Development Act of 2014. The Act established a federal credit program to be administered by the U.S. Army Corps of Engineers (USACE) and Environmental Protection Agency (EPA) for eligible water and wastewater infrastructure projects. Additional information about EPA’s WIFIA program can be found here.
USACE is pursuing development of the Corps Water Infrastructure Financing Program to accelerate non-federal investments in water resources infrastructure by providing long-term, low-cost loans to creditworthy borrowers. USACE has signed a memorandum of understanding with EPA to leverage lessons learned and relevant information from EPA’s WIFIA program.
CWIFP program is part of the Revolutionize USACE Civil Works initiative to expedite delivery of our nation's infrastructure by synchronizing actions, developing new tools, and streamlining activities.