The Indiana General Assembly allocated $100 Million of federal Coronavirus State and Local Fiscal Recovery Funds to the IFA to provide grants to utilities for drinking water, stormwater, and wastewater projects that protect or improve public health throughout the State. Additionally, the Indiana General Assembly allocated $60 Million of federal Coronavirus State and Local Fiscal Recovery Funds to the Indiana Finance Authority (IFA) to provide grants to utilities and/or communities for stormwater/flooding projects that impact State Roads in their local communities.
The IFA received over 500 applications requesting more than $700 Million in assistance for our State Water Infrastructure Fund (SWIF) and Transportation & Stormwater (TNSW) financing opportunities. All available funds have been awarded to round 1 applicants. The IFA has determined not to solicit additional applications for a second round and will instead allocate any remaining funds to eligible projects that are finalizing their SRF Loan closings.
Please note, the IFA will have access to additional financial assistance through the Bipartisan Infrastructure Law and is currently developing plans for how those funds will be deployed to Indiana communities. To be eligible, communities will need to develop projects that qualify for standard SRF funding and submit the necessary application and preliminary engineering information to the IFA’s SRF Loan Program. More information on the SRF application process can be found here.
For questions regarding the SWIF & TNSW grant program, please contact Jennifer Pence at jpence@ifa.in.gov or 317-232-4396
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