EPA Launches New Finance Center to Improve Community Water Infrastructure and Resiliency

Last week, EPA announced the launch of a new Water Infrastructure and Resiliency Finance Center to help communities across the country improve their wastewater, drinking water and stormwater systems, particularly through innovative financing and by building resilience to climate change. This new center is part of the White House Build America Investment Initiative – a government-wide effort to increase infrastructure investment and promote economic growth by creating opportunities for state and local governments and the private sector to collaborate, expand public-private partnerships, and increase the use of federal credit programs.  This Center is separate from the Environmental Finance Centers that you may have been working with under the EPA OGWDW competitive award program.

The new Water Infrastructure and Resiliency Finance Center will:

  • Explore innovative financial tools, public-private partnerships, and non-traditional finance concepts to better leverage federal funding programs. The Center will build on the highly successful State Revolving Fund and other programs of EPA and its federal partners.
  • Explore ways to increase financing of climate-resilient water infrastructure projects that integrate water efficiency, energy efficiency, water reuse and green infrastructure.
  • Support communities to develop sustainable sources of funding, particularly for stormwater activities.
  • Build upon existing work to support small community water systems to build technical, managerial and financial capacities through collaboration with the U.S. Department of Agriculture.
  • Closely coordinate with the EPA-supported Environmental Finance Centers and consult with the Agency’s Environmental Finance Advisory Board.

Water infrastructure includes the pipes, drains, and concrete that carry drinking water, wastewater, and stormwater. It includes public drinking water systems; industrial wastewater pretreatment facilities; wastewater treatment plants; municipal separate storm sewer systems; decentralized, onsite and septic systems; and private wells. It also includes green infrastructure, which uses natural land cover to capture rain where it falls, allowing it to filter through the ground.

 

For more information on the Center and the Initiative, please visit:

EPA’s Water Infrastructure and Resiliency Finance Center:

http://owpubauthor.epa.gov/infrastructure/waterfinancecenter.cfm

Build America Investment Initiative:

http://www.whitehouse.gov/the-press-office/2014/07/17/fact-sheet-building-21st-century-infrastructure-increasing-public-and-pr

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