Michael S. Regan 16th Administrator, United States Environmental Protection Agency | Official Website
On May 13, the Biden-Harris Administration launched Infrastructure Week, with the U.S. Environmental Protection Agency (EPA) spotlighting over $11.5 billion in water infrastructure funding available for states this year through the FY24 State Revolving Fund programs, as part of President Biden’s Investing in America agenda. This unprecedented funding is made possible by the President’s Bipartisan Infrastructure Law and will support critical water infrastructure projects nationwide.
"Water infrastructure is a critical part of our daily lives. It delivers clean, safe drinking water; it collects and treats wastewater and it helps to manage floodwater and drought impacts," said EPA Acting Assistant Administrator for Water Bruno Pigott. "Maintaining and upgrading water infrastructure is essential to protecting public health and the environment, and it creates family-sustaining jobs."
Many cities across the country face challenges due to aging water infrastructure such as old or toxic lead pipes carrying drinking water and wastewater treatment plants requiring major upgrades. Some communities need to improve their drinking water systems to reduce contaminants like PFAS while others need better stormwater infrastructure to manage climate change-induced flooding.
In 2024, EPA has announced several investments for the SRF programs. Funding has been allocated to states who then provide financial assistance to communities for crucial water infrastructure projects. This year, EPA has announced a total of $8.8 billion from President Biden’s Bipartisan Infrastructure Law for both the Clean Water SRF and Drinking Water SRF. Nearly half of this funding is earmarked for disadvantaged communities.
The Bipartisan Infrastructure Law investments supplement annual appropriations for the SRF programs. In 2024, base program allotments provided through the Clean Water SRF total $824 million and $466 million through Drinking Water SRF.
Since 2022, the Bipartisan Infrastructure Law has infused almost $25 billion into water infrastructure projects nationwide, safeguarding public health, preserving water resources, and creating jobs.
The Drinking Water State Revolving Funds and the Clean Water State Revolving Funds have been the bedrock of water infrastructure investments for over 30 years, providing more than $229 billion in low-cost financing for local projects across America. These programs are crucial for investing in the nation’s water infrastructure, designed to generate significant and sustainable water quality and public health benefits nationwide.
