New article in Water Finance & Management Magazine.

WIFIA’s recent interest rate resets on loan commitments made a few years ago show that the Program’s real mission includes improving not just physical infrastructure but public water systems’ fiscal condition as well. Very timely in light of the need for post-Covid-19 recovery. The US EPA should explicitly embrace this aspect of WIFIA’s mission. And the proponents of an expanded Fed MLF should take a close look at how a federal loan program for state & local governments and infrastructure agencies can actually work.