The Water Infrastructure Finance Authority of Arizona (WIFA) announced today that it had closed a $406,980 20-year DWSRF loan with Tierra Linda Water Company, Inc. The recently closed loan carries a 2.760% interest rate and features $212,500 in Principal Forgiveness.

Project Description

Proceeds of the loan will be used to preform a pressure tank inspection, replace failing service lines, and install an arsenic treatment system to proactively address exceeding arsenic concentrations in the water supply.

About WIFA

WIFA is a governmental organization dedicated to protecting public health and promoting environmental quality through financial assistance for water and wastewater infrastructure. WIFA is Arizona's administrator of the Cleanwater and Drinking Water State Revolving Funds (CWSRF and DWSRF) and provides funding for drinking water, wastewater, and stormwater projects. The SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients for drinking water and clean water infrastructure projects. Over the last 30 years, WIFA has proudly invested over $2 billion in Arizona's communities.

WIFA Media Contact:

This email address is being protected from spambots. You need JavaScript enabled to view it., Communications Director | P: (602) 364.1326