Welcome to the Water Infrastructure Finance Authority
of Arizona's (WIFA) Web site.
WIFA is an independent agency of the state of Arizona and is authorized
to finance the construction, rehabilitation and/or improvement of drinking
water, wastewater, wastewater reclamation, and other water quality facilities/projects.
Generally, WIFA offers borrowers below market interest on loans for 100% of
eligible project costs.
As a "bond bank," WIFA is able to issue water quality
bonds on behalf of communities for basic water infrastructure. Through
active portfolio and financial management, WIFA provides significant
savings due to lower interest rates and shared/reduced closing costs.
WIFA is able to lower a borrower's interest costs to between 70 and
100% of WIFA's tax-exempt cost of borrowing.
WIFA's principal tools for providing low interest
financial assistance include the Clean Water Revolving Fund for publicly
held wastewater treatment projects and the Drinking Water Revolving
Fund for both publicly and privately held drinking water systems. Both
funds are capitalized by contributions from the state and the U.S. Congress.
WIFA also manages a Planning and Design Assistance Grant Program. This program offers
planning and design grants to eligible wastewater and drinking water systems.
The purpose of the grant program is to help prepare
water and wastewater facilities for future infrastructure project construction.
Our vision at WIFA is to guide our resources to communities with
the greatest need to maintain and enhance Arizona's quality of life.
WIFA's mission is to maintain and improve water quality in Arizona
by providing financial assistance and technical assistance for basic water
infrastructure.
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