Safeguarding Tomorrow Revolving Loan Fund Program FY2024 Selections

ByNews Editor

FEMA announced selections for the $150 million made available in the second year of the new Safeguarding Tomorrow Revolving Loan Fund (RLF) program. These 12 applicants will use funding to make direct loans to local governments through a revolving fund.

The applicants and amounts selected for this fiscal year 2024 funding cycle are:

  • District of Columbia: $12 million
  • Iowa: $17 million
  • La Jolla Band of the Luiseno Indians: $5.1 million
  • Maryland: $14.2 million
  • Michigan: $17.3 million
  • North Dakota: $16.6 million
  • New Jersey: $15 million
  • New York: $13.5 million
  • South Carolina: $9.1 million
  • Tennessee: $7 million
  • Virginia: $13.5 million
  • West Virginia: $9 million

The Safeguarding Tomorrow RLF program provides maximum flexibility for the funding of mitigation projects, allowing local communities to use their own criteria for project prioritization. FEMA does not require the submission of a benefit-cost analysis for capitalization grants or loans to be used. This lessens the financial burden to local government to implement climate resilience activities.

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