Welcome to Federal Credit Fridays! The U.S. government is one of the largest lenders and credit guarantors on earth. Its portfolio is estimated at over $3.6 trillion, as measured by loan assets and the face value of loan guarantees. The government uses credit for a wide variety of policy missions, including housing, higher education, small businesses, rural and urban economic development, infrastructure, and export promotion, among others. This podcast will familiarize you with the vast world of federal credit, and we hope that you’ll learn about similarities and differences between these programs as well as the importance of their work to achieving policy missions within the framework of public-private collaboration.
In today’s podcast, Aaron Snyder discusses the U.S. Army Corps of Engineers’ Corps Water Infrastructure Financing Program (CWIFP), which enables local investment in infrastructure projects that address community water resource needs, promote economic prosperity, and improve environmental quality. CWIFP is a new loan program that directly impacts flood management infrastructure, something the Army Corps has done for generations. By using credit, the Army Corps will now be partnering even more closely with state and local officials.
Mr. Snyder is the interim director of CWIFP as well as the P3 Program director. He brings almost 20 years of experience at the Corps as a project manager and has been with the water infrastructure financing program for almost 6 years. Listen below and let us know what you think.