FEMA Revolving Loan Fund Grant Program Application Period Opens Feb. 1
On Feb. 1, FEMA will begin accepting applications for the Safeguarding Tomorrow Revolving Loan Fund grant program. Applications must be received by 3 p.m. ET on April 28.
For the first year of the program, FEMA is making $50 million available in capitalization grants to eligible entities to fund low-interest loans to local governments to mitigate the effects of drought, intense heat, shoreline erosion, severe storms, wildfires, floods, earthquakes and other natural hazards. Eligible entities are states, the District of Columbia, Puerto Rico and 15 federally recognized tribes. These tribal nations are eligible because they received a major disaster declaration between Jan. 1, 2016, and Jan. 1, 2021.
Loans will also be available to help local governments satisfy non-federal cost share requirements under FEMA Hazard Mitigation Assistance programs, update building codes adoption and enforcement and make zoning and land use changes.
The Safeguarding Tomorrow Revolving Loan Fund complements and supplements FEMA’s Hazard Mitigation Assistance grant portfolio. The portfolio has multiple grant programs that support projects at the local government level to increase the nation’s resilience to natural hazards and climate change.
The Infrastructure Investment and Jobs Act—also known as the Bipartisan Infrastructure Law—invests $500 million in the program over five years.
Initial funding will focus on both increasing public understanding of the program and working with participating communities to learn how to enhance the program in future iterations.
FEMA’s Hazard Mitigation Assistance helps communities increase resilience to extreme heat waves, drought, wildfires, flood and hurricanes by funding transformational projects that reduce risk to multiple hazards, support adaptation to future conditions and lessen the impact of all disasters on our nations most underserved residents and disadvantaged communities.
The Safeguarding Tomorrow Revolving Loan Fund funding notice is available at Grants.gov. Eligible entities must apply for funding using the Non-Disaster Grants Management System. Visit fema.gov for more information.