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Program Information

CWIFP logo: a waterdrop over a green circle. Text reads: Corps Water Infrastructure Financing Program, an innovative approach to project financing.

Benefits

Benefits to borrowers through the Corps Water Infrastructure Financing Program (CWIFP) include:

Arrow pointing downward Low interest rates. Rates are near U.S. Treasury rates and will not be impacted by borrower credit or loan structure.
Emergency sign with an X over it No interest rate risk. Rates are locked at the time of loan closing and fixed for the life of the loan.
A clock and coins No negative arbitrage. Interest accrues only once funds have been disbursed.
Calendar Customized repayment schedules. Repayment schedules can be structured to match anticipated cash flows over the life of the loan.
Clock with an arrow around it Long repayment periods. Repayment periods of up to 35 years after completion of construction.
Hourglass Deferred payments. Payments can be deferred through the construction period up to five years after completion of the project.
Money with an X over it No prepayment penalty. Loans can be prepaid at any time without penalty.

 

 

 

September 9, 2024 - The Office of the Assistant Secretary of the Army for Civil Works and the U.S. Army Corps of Engineers today announced the first set of proposals being invited to apply for loans under the new Corps Water Infrastructure Financing Program (CWIFP). CWIFP is a new federal financing program to provide low-cost, long-term, flexible loans for safety projects to maintain, upgrade, and repair non-federal dams.

New Army Civil Works program announces 18 proposals are being invited to apply for federal financing for non-federal dam safety project