FEMA Opens $600M Swift Current Funding Opportunity for FY 2026

FEMA announced a new $600 million funding opportunity through its Flood Mitigation Assistance Swift Current program. To qualify, states, tribes and territories must have received a flood-related emergency or major disaster declaration between June 1, 2025 and May 31, 2027.

The Swift Current program is specifically designed to expedite funding to states, territories and tribal nations that recently experienced a severe flooding disaster. The program funds community-led projects that reduce or eliminate the risk of repetitive flood damage to structures and buildings insured by the National Flood Insurance Program. This grant is made available after a Presidentially declared emergency or major flood-related disaster.

FEMA said this latest funding cycle includes programmatic changes aimed at reducing the administrative burden and hurdles on applicants and expediting the delivery of funding, such as removing project scoping activities as an eligible project type and allowing the consolidation of activation application periods when multiple qualifying disasters occur during this funding opportunity cycle.

For each qualifying flood event, FEMA will provide a deadline to eligible applicants. Local governments interested in this funding opportunity should contact their State Hazard Mitigation Officer. For more information on this FY 2026 FMA Swift Current funding opportunity—including eligibility criteria, application deadlines, cost-share and other essential details—visit Grants.gov.