Corps Water Infrastructure Financing Program
Federal Agency
Sub-Department
United States Army Corps of Engineers
Purpose
To support large projects to mitigate flood and/or storm damage, restore environments and aquatic ecosystems, or improve coastal/inland harbor or waterway navigation systems. Note: FY2021 funding is limited to dam safety projects in the National Inventory of Dams owned by non-federal entities.
Applicant and/or Project Eligibility Requirements
Key program eligibility will focus on non-Federally-authorized projects and must fall under one of the three WIFIA authorization categories. For more information, see here: https://www.usace.army.mil/Missions/Civil-Works/Infrastructure/Revolutionize/CWIFP/cwif_prog_eligibility/
Decarbonization Considerations
Projects which finance the purchase and installation of necessary equipment, materials, and supplies for demonstration of emerging technologies in energy storage or microgrid assistance which will aid reliability.
Equity Considerations
The WIFIA statute authorizes USACE to use up to 25% of its budget authority to provide credit assistance to one or more projects of up to no more than 80% (statutory cap on Federal participation) of the total costs of any given project. USACE will generally use its authority to provide credit assistance for greater than 49% of eligible project costs to projects serving economically-disadvantaged communities that would otherwise not be able to obtain CWIFP credit assistance.
Helpful Tips
This is a federal loan program. Full FAQ : https://www.usace.army.mil/Missions/Civil-Works/Infrastructure/Revolutionize/CWIFP/cwif_faq/ One pager: https://usace.contentdm.oclc.org/utils/getfile/collection/p16021coll11/id/5013
Other Notes
The Fiscal 2021 Energy and Water Development and Related Agencies Appropriations Act limits the type of eligible projects to safety projects to maintain, upgrade and repair dams identified in the National Inventory of Dams owned by non-federal entities. While the authorization for the program is broader, current funding is limited to these projects identified in the appropriations act. For the latest information, see the link below: https://crsreports.congress.gov/product/pdf/IN/IN11577