About the Water Infrastructure Finance Authority
The Water Infrastructure Finance Authority of Arizona (WIFA) is an independent state authority authorized to finance the construction, rehabilitation, acquisition, and improvement of water infrastructure throughout Arizona. WIFA is governed by its board consisting of nine voting members appointed by the governor and legislative leadership and nine nonvoting ex-officio members representing legislative leadership and relevant agency heads.
The Authority administers several federal and state-capitalized programs, the Drinking Water State Revolving Fund, the Clean Water State Revolving Fund, the Water Supply Development Fund, the Water Conservation Grant Fund, and the Long-Term Water Augmentation Fund. Through these programs, WIFA protects current and future residents, the economy, and the environment of this state by funding a comprehensive water strategy that protects water quality, ensures reliability and access to safe drinking water, conserves water, improves the efficiency and reuse of existing water resources, and augments existing water resources with new renewable supplies of water.
As a “Bond Bank” and state investment authority, WIFA has several sources of capital, including bonds offerings, federal grants, state appropriations, and the reinvestment of loan repayments to offer project financing at below-market interest rates and invest in Arizona’s water future.
Our Mission and Vision
Our vision is to guide our resources to communities with the greatest need so they can maintain and enhance Arizona’s quality of life. Our mission over the last 30 years is to maintain and improve water quality in Arizona, we do this by providing financial and technical assistance for basic water infrastructure across our state.