Skip to content

Bipartisan Infrastructure Law: What to Expect

“Much of the water infrastructure investments enacted through the Bipartisan Infrastructure Law (BIL) will be provided to local governments in the form of principal forgiveness funds. Ultimately, the bottom-line effect is a huge reduction in the overall cost of a project that is financially equivalent to receiving a grant from the government but is tied to a low-interest loan administered by the state,” says Cavender. This is helping the rollout of funds to avoid delays, meaning projects get funded more efficiently.

“The BIL funding will vary from state to state, because all states manage their own SRF programs…For example, principal forgiveness for wastewater projects in Colorado is capped at $1.5 million per project, regardless of how much the project costs,” says Cavender, “By contrast, a $10 million drinking water project might be eligible for $4.9 million in principal forgiveness.” Do your research into your state SRF programs to see what the cap is per project type for BIL funds to aid your project.

Tempering expectations is of the utmost importance when going through the grant application process. While having BIL pass is exciting, those funds cannot possibly meet all the need that exists in the landscape of capital infrastructure projects. “For example, one of the grants available right now from the Federal Emergency Management Agency is the Building Resilient Infrastructure and Communities Grant…It was funded in the amount of $1 billion in 2022, but unless you’re at the top 2 percent of the most competitive projects in the entire country, you’re probably not going to get funded,” says Cavender. That is why it’s valuable to do your research, prepare diligently, and seek out assistance from a consultant like Dig Deep to better navigate the funding landscape.

Read the rest of Dig Deep CEO Tia Cavender’s interview with Municipal Water Leader on page 32.

We regularly blast out more in-depth information regarding tips for your application, downloadable resources, and grant alerts. Sign up for our email newsletter here.

More Like This

How to Turn Funders into Your Project Stakeholders

There is a relationship between funding agencies and their grantees. The most successful grantees nurture those relationships. There are many reasons that this is a worthwhile effort. Establish Credibility –

What to Expect from the Recent BIL

The recent Bipartisan Infrastructure Law, passed by Congress in 2021, has garnered excitement across the infrastructure industries. Although it is a significant investment in United States infrastructure, over $110 billion

Public/Private Partnerships and Why They’re Important

Want to make your water infrastructure project more fundable? Funders are interested in supporting projects that are broadly supported by the community. One way to demonstrate that support is by