Funding Water and Wastewater Funding Water and Wastewater Infrastructure ProjectsInfrastructure Projects

Water Infrastructure Finance Water Infrastructure Finance Authority of ArizonaAuthority of Arizona

About WIFAAbout WIFA Overview of Grant and Overview of Grant and

Loan ProgramsLoan Programs Application ProcessApplication Process

Design, Improvement, Design, Improvement, Construction, AcquisitionConstruction, Acquisition

of of Drinking Water, Wastewater, Drinking Water, Wastewater, Water Reclamation and other Water Reclamation and other

water quality projectswater quality projects

Maintain and improve water quality in Arizona by Maintain and improve water quality in Arizona by providing financial assistance and technical providing financial assistance and technical

assistance for basic water infrastructure.assistance for basic water infrastructure.

Water Infrastructure Finance AuthorityWater Infrastructure Finance Authority

Project ExamplesProject Examples

Traditional ProjectsTraditional Projects Rehab/replacement Rehab/replacement

of water distribution of water distribution lineslines

Arsenic treatment Arsenic treatment systemssystems

Wastewater Wastewater treatment plant treatment plant upgradesupgrades

Green ProjectsGreen Projects Energy auditsEnergy audits Solar power for Solar power for

water and water and wastewater facilitieswastewater facilities

Water reclamationWater reclamation

What makes WIFA What makes WIFA a good funding option?a good funding option?

Clean Water and Drinking Water Revolving Funds

AAA credit rating = low-interest financial assistance

No application fees or closing costs

Grants and free Technical Assistance Programs

Average Federal Capitalization Grant/YearAverage Federal Capitalization Grant/Year

$4-6 million for Clean Water $4-6 million for Clean Water

$23 million for Drinking Water$23 million for Drinking Water

How the WIFA Loan Program Works

Water Infrastructure Finance Authority

State Revolving Fund

EPA

Arizona

Bond Holders

Clean Water Loans

Drinking Water Loans

Allocated $82 million of Allocated $82 million of federal Recovery Act federal Recovery Act moneymoney

Combined with our other Combined with our other funding sources - $183 funding sources - $183 million of projects on the million of projects on the groundground $$24 million funded 24 million funded

Green ProjectsGreen Projects

ARRA FinancingARRA Financing

Eligible applicantsEligible applicants

Drinking WaterDrinking Water Public water systems owned by political Public water systems owned by political

subdivisions (cities, towns, districts and tribal subdivisions (cities, towns, districts and tribal entities) and private ACC-regulated systemsentities) and private ACC-regulated systems

Clean WaterClean Water Restricted to various types of political subdivisions Restricted to various types of political subdivisions

(cities, towns, districts), including tribal entities(cities, towns, districts), including tribal entities

Assistance ProgramsAssistance ProgramsPlanning and Design Grants

Design and Construction Loans

DW Technical Assistance

ADEQ Capacity ADEQ Capacity Development ProgramDevelopment Program

Small drinking water Small drinking water systems (systems (<<10,000 10,000 people) receive:people) receive:

System EvaluationSystem Evaluation Operations and Operations and

Maintenance PackageMaintenance Package

FREE

Planning and Design Grants

Design and Construction Loans

DW Technical Assistance

Plan or design an Plan or design an infrastructure projectinfrastructure project

Funds typically used to Funds typically used to hire engineer or other hire engineer or other consultantconsultant

Maximum grant is Maximum grant is $35,000$35,000

Local match Local match waived/reduced for waived/reduced for water/energy water/energy efficiency projectsefficiency projects

Planning and Design Grants

Design and Construction Loans

DW Technical Assistance

Planning and Design Grants

Design and Construction Loans

DW Technical Assistance

-Feasibility Studies-Rate Studies/Financial Audits-District formation-Capital Improvement Plans-Other planning projects

-Preliminary Engineering Reports -Environmental Assessments -Engineering Plans and Specifications-Other design projects

Project Construction(Not eligible for grant funding)

Planning

Pre-design & Design

Construction

Two grant cycles per Two grant cycles per yearyear

Applications due end Applications due end of April and end of of April and end of OctoberOctober

Awards are made in Awards are made in June and DecemberJune and December

Planning and Design Grants

Design and Construction Loans

DW Technical Assistance

Planning and Design Grants

Design and Construction Loans

DW Technical Assistance

Loans for Project Design and Loans for Project Design and ConstructionConstruction

WIFA offers below WIFA offers below market interest ratesmarket interest rates 3.08% average for 3.08% average for

governmentalgovernmental 4.97% average for non-4.97% average for non-

governmentalgovernmental No application fees or No application fees or

closing costsclosing costs Design loansDesign loans

Interest only for 3 Interest only for 3 years, principal rolled years, principal rolled into construction loaninto construction loan

Planning and Design Grants

Design and Construction Loans

DW Technical Assistance

Two-step loan application Two-step loan application processprocess

1.1. Priority List application Priority List application (online)(online)

2.2. Project Finance Project Finance Application based on Application based on “readiness to proceed:”“readiness to proceed:”

Debt authorizedDebt authorized Project designedProject designed Plans approvedPlans approved Bids solicitedBids solicited

Priority List Applications (loans)

pdf Applications (loans)