Who This Is For
WaterFundable PBC serves four partners who each bring something essential to the table. Water utilities and green and gray infrastructure owners bring the projects. Institutional Investors bring the capital. Corporate Water Stewards bring impact capital to decrease the borrowing costs for project owners. Engineering and Technical Assistance Providers support project owners through the financing process, making projects ready for the capital markets. None of these groups can solve the water infrastructure funding gap alone.
We bring them together so they can.
Your shovel-ready infrastructure projects may qualify for private bond financing at 3 to 4 percent, without a rate increase.
Your clients have projects state and federal programs cannot fund.
We give you a financing path to offer when the conventional options run out.
Your stewardship commitments need verified, watershed-specific deployment.
We are building the structure that gets your capital there at scale.
Learn how the program works.
Numbers That Motivate Us
$2.8T
US water infrastructure need through 2050 (AWWA/EPA)
59%
of utilities cannot self-fund their planned infrastructure projects
96%
of institutional investors want to hold or buy more water assets
19
priority corporate water stewardship basins in the U.S.
How It Works
Frequently Asked Questions
Utility Directors & Finance Managers
Is this a grant or a loan? Neither. It is a private bond placement where corporate ESG impact capital covers a portion of construction cost and O&M, reducing your effective borrowing rate to 3 to 4 percent. Your rate base services the bond at a cost it can actually carry.
How is this different from the SRF Program? The SRF Program is a state program with waitlists, compliance tiers, and capacity under increasing strain. This is a private market structure with no waitlist and no state agency approval process, designed specifically for the projects SRF and WIFIA defer or exclude.
Can these bonds be tax-exempt? Tax-exempt treatment is on our roadmap but is not the initial structure. The initial 144A private placement means Davis-Bacon compliance is not required on construction. A tax-exempt path will be evaluated for future portfolios.
Engineering & Technical Advisory Firms
Does this compete with my advisory role? No. The financing structure depends on your technical work. WaterFundable is the financing platform and administrator. Your scope, your client relationship, and your role as technical advisor of record do not change.
What if my client has already applied for an SRF program? SRF and this program are not mutually exclusive. If your client is on a waitlist or their project was deprioritized, this program offers a parallel private market path without replacing any existing application.
Institutional Investors
What is the credit quality of the underlying utilities in the portfolio? The program targets BBB+ and higher rated utilities assembled into multi-utility, multi-basin portfolios. Underlying revenue is rate-base-backed utility revenue. Independent engineering review and credit assessment are part of the eligibility process for every portfolio.
How is the capital stack organized? The capital stack includes impact capital from corporate ESG investors. It acts like a yield subsidy to make the bod affordable for the utilities. It is held and managed in an external reserve account completely separate from the bond proceeds.
Corporate Sustainability & Water Stewardship Teams
How is additionality proven, not just claimed? Without your capital in the impact position, the bond does not close at a rate the utility can afford. That causal relationship is the deal structure itself. It is contractual, not a claimed co-benefit.
What MRV standard does this follow? The program uses Volumetric Water Benefit Accounting (VWBA) methodology across WASH, nature-based solutions, and biodiversity outcome categories, with third-party verified data delivered for CDP Water and TNFD disclosure on your annual reporting cycle.
Join our Early Access List
We are seeking early insights from utilities, green and gray infrastructure owners, engineers, technical assistance providers, advisors, consultants, investors, stewardship leaders, researchers, and service partners.
Share your perspective and join the early access list. We will follow up personally.
