Recipient of federal assistance · INDIANAPOLIS, IN

INDIANA FINANCE AUTHORITY

INDIANA FINANCE AUTHORITY received $445.8M in federal grants and other assistance in FY2026, on 21 actions, +114% vs FY2025. It has no federal contracts in the loaded years. Since FY2021: $1.3B. Its largest awarding agency was Environmental Protection Agency ($445.8M).

Assistance · FY2026
$445.8M
New awards
11
Actions
21
Since FY2021
$1.3B
UEI
KLL1RKRBEE11
Location
INDIANAPOLIS, IN
State and local governments
Open in the explorerFederal grants & assistance

Federal grants & assistance received

Grants, loans (counted at their subsidy cost), direct payments and insurance, by fiscal year of the action (USAspending.gov, FABS). Reported apart from contracts and never added to them.

Assistance by fiscal year

  1. 57.2MFY2021
  2. 118.7MFY2022
  3. 208MFY2023
  4. 299MFY2024
  5. 208.7MFY2025
  6. 445.8MFY2026

By type

  1. Grants$445.8M100%

Top programs · Awarding agencies

Obligations in FY2026.

Top programs

  1. 66.468 · Drinking Water State Revolving Fund$360.7M81%
  2. 66.458 · Clean Water State Revolving Fund$81.7M18%
  3. 66.817 · State and Tribal Response Program Grants$1.6M0.4%
  4. 66.442 · Water Infrastructure Improvements for the Nation Small and Underserved Communities Emerging Contaminants Grant Program$976K0.2%
  5. 66.447 · Sewer Overflow and Stormwater Reuse Municipal Grant Program$813K0.2%

Awarding agencies

  1. Environmental Protection Agency$445.8M100%

Largest awards

  1. DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR…$170.7M
    66.468 · Drinking Water State Revolving Fund· Environmental Protection Agency· Formula grant· Aug 10, 2025 – May 19, 2026· 03E03316
  2. DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR…$129.4M
    66.468 · Drinking Water State Revolving Fund· Environmental Protection Agency· Grant· Jun 24, 2026 – Jun 24, 2026· 04E03316
  3. DESCRIPTION:THIS AGREEMENT PROVIDES A CAPITALIZATION GRANT, FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58), FOR…$69.5M
    66.468 · Drinking Water State Revolving Fund· Environmental Protection Agency· Formula grant· Sep 1, 2024 – Mar 9, 2026· 02E03316
  4. DESCRIPTION:THIS AGREEMENT PROVIDES FUNDING TO INDIANA FINANCE AUTHORITY. SAFE DRINKING WATER ACT (SDWA): SECTION 1452 AND INFRASTRUCTURE…$65.2M
    66.468 · Drinking Water State Revolving Fund· Environmental Protection Agency· Grant· Nov 13, 2023 – Jun 23, 2026· 01E03316
  5. DESCRIPTION:THIS FISCAL YEAR (FY) 2026 CAPITALIZATION GRANT FUNDED BY THE INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA) (PL 117-58) IS FOR…$59.4M
    66.458 · Clean Water State Revolving Fund· Environmental Protection Agency· Grant· Jul 8, 2026 – Jul 8, 2026· 04E03240
  6. DESCRIPTION:SECTION 1452 OF THE SAFE DRINKING WATER ACT (SDWA) AUTHORIZES THE STATE TO UTILIZE FUNDS TO FURTHER THE HEALTH PROTECTION…$43.3M
    66.468 · Drinking Water State Revolving Fund· Environmental Protection Agency· Grant· Jan 19, 2023 – Jun 23, 2026· 00E03316

Subawards

Matched by Unique Entity ID: the first-tier subawards this organization reported as a prime recipient, and those primes reported paying it.

As a prime: who it pays · FY2026

  • Sub-grants: $346.1M (48 subawards)

24 sub-recipients

  1. CITY OF PERU$88.2M25%
    PERU, IN · 4 subawards
  2. CITY OF ANDERSON UTILITY OFFICE$57.3M17%
    ANDERSON, IN · 5 subawards
  3. CITY OF COLUMBUS$55.6M16%
    COLUMBUS, IN · 4 subawards
  4. DECATUR, CITY OF$22M6.4%
    DECATUR, IN · 3 subawards
  5. INDIANA-AMERICAN WATER COMPANY INC$14.6M4.2%
    GREENWOOD, IN · 2 subawards
  6. FORT WAYNE CITY UTILITIES$13M3.8%
    FORT WAYNE, IN · 3 subawards
  7. TOWN OF NORTH MANCHESTER$12.7M3.7%
    NORTH MANCHESTER, IN · 3 subawards
  8. HAMMOND WATER WORKS$10M2.9%
    HAMMOND, IN · 1 subaward
  9. CITY OF LAFAYETTE$10M2.9%
    LAFAYETTE, IN · 2 subawards
  10. CITY OF EAST CHICAGO$10M2.9%
    EAST CHICAGO, IN · 1 subaward

As a sub-recipient: who pays it · FY2026

No subawards reported to it in FY2026.

By fiscal year

  • FY2021: $50M paid out · $0 received
  • FY2022: $50.8M paid out · $0 received
  • FY2023: $177.4M paid out · $0 received
  • FY2024: $81.8M paid out · $0 received
  • FY2025: $209.6M paid out · $0 received
  • FY2026: $346.1M paid out · $0 received

Primes report first-tier subawards of $30,000 or more themselves, and many go unreported (GAO-24-106214). Reporting moved from FSRS to SAM.gov in March 2025 and fewer sub-contracts have been reported since. Amounts are what primes reported; they are never added to prime award totals.

Source: Subawards (first-tier sub-contracts and sub-grants reported under FFATA) (U.S. Department of the Treasury, USAspending.gov (reports filed in SAM.gov, formerly FSRS)), data current to Oct 10, 2026, loaded Oct 10, 2026 · Subawards loaded from FY2021.

Source: Federal financial assistance transactions (Financial Assistance Broker Submission) (U.S. Department of the Treasury, USAspending.gov), data current to Oct 10, 2026, loaded Oct 10, 2026 · FY2021–FY2026.