Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program
DEADLINE: 4/30/24 --- Project Type: Environment
Federal Emergency Management Agency (FEMA)
FEMA will provide grants to capitalize revolving loan funds which may be used to provide loans to finance various types of hazard mitigation projects to reduce risks from natural hazards and disasters. Through the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund program, eligible entities will use these capitalization grants to establish a revolving loan fund from which they will provide direct loans to local governments for projects and activities that mitigate the impacts of drought, intense heat, severe storms (including hurricanes, tornadoes, windstorms, cyclones, and severe winter storms), wildfires, floods, earthquakes, and other natural hazards. Eligible activities may include the construction or modification of natural or built infrastructure to increase resilience and reduce risk of harm. Entity loan funds will be programmatically and financially administered by the respective entity.