Water Infrastructure Finance and Innovation Act Amendments of 2023

This bill updates and expands a federal loan program that provides low-interest financing for large-scale water and wastewater infrastructure projects. It aims to make these loans more accessible to local communities by extending repayment periods to up to 55 years and clarifying that certain federally owned but locally operated water systems are eligible for funding.

For everyday citizens, these changes are designed to help local water utilities modernize aging pipes, treatment plants, and reservoirs while keeping customer water rates affordable through lower borrowing costs. Additionally, the bill includes provisions to provide technical assistance to smaller communities with populations under 25,000 to help them successfully apply for and manage these infrastructure investments.