Climate Adaptation Funding for Water Sector Utilities
Loan and Grant Opportunities
Environmental Protection Agency (EPA)’s Water Infrastructure Finance and Innovation Act (WIFIA)
- The U.S. EPA recently announced the availability of $7.5 billion in credit assistance through its Water Infrastructure Finance and Innovation Act (WIFIA) program FY 2024 Notices of Funding Availability: $6.5 billion will be allocated under the WIFIA Notice of Funding Availability, while $1 billion will be allocated under the State Infrastructure Financing Water Authority WIFIA (SWIFIA) Notice of Funding Availability. The WIFIA program offers long-term loans to help communities implement critical water infrastructure projects, which protect public health, deliver environmental benefits, and support local economies, for a lower cost. Through WIFIA program financing, borrowers have the ability to combine multiple projects into a single loan and access flexibilities that include interest rate resets, debt sculpting, and fast disbursements. Any States, cities, Tribes, utilities, and other public and private entities seeking financing for their water infrastructure projects can submit a letter of interest at any time. Check out the WIFIA Available Funding Webpage for more information.
Federal Emergency Management Agency (FEMA) Fiscal Year 2024 Notices of Funding Opportunity for Hazard Mitigation Assistance Grants
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FEMA has posted its Fiscal Year 2024 funding opportunities for two Hazard Mitigation Assistance grant programs. This cycle, $600 million is available for the Flood Mitigation Assistance grant program and $750 million is available for the Building Resilient Infrastructure and Communities (BRIC) grant program. These two programs provide states, local communities, Tribal Nations and territories funding to address future risks to natural disasters such as wildfires, drought, hurricanes, earthquakes, extreme heat, and increased flooding to build community resilience. Applications will be accepted from January 6 through April 18, 2025. Click here for more information and select the links below to navigate to Grants.gov for each program’s Notice of Funding Opportunity.
Funding Resilience
The implementation of adaptive measures to address climate impact at water sector utilities are necessary to ensure clean and safe water provisions throughout the nation.
Listed below are funding programs and resources available through the Environmental Protection Agency (EPA), National Aeronautics and Space Administration (NASA), National Oceanic and Atmospheric Administration (NOAA), Federal Emergency Management Agency (FEMA), U.S. Small Business Administration (SBA), United States Department of Agriculture (USDA), and others. These Federal Funding Sources, along with EPA’s Financial Tools, will guide you to a variety of sources that fund climate resilience infrastructure projects, pay for operation and maintenance costs, and sustain resiliency programs. Click below to expand each section.
