# Fiscal Year 23 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program

Source: https://welltoldgrants.com/grants/dhs-23-storm-139-00-01-fiscal-year-23-safeguarding-tomorrow-through-ongoing-risk/  
Official notice: https://www.grants.gov/search-results-detail/345040

> Department of Homeland Security - FEMA offered grants of up to $50.0 million (at least $5.1 million) to state and local governments and tribes. It expected to make about 10 awards worth $50.0 million in total. Applications closed on May 28, 2023.

| Field | Value |
|---|---|
| Opportunity number | DHS-23-STORM-139-00-01 |
| Agency | Department of Homeland Security - FEMA |
| Status | Forecast |
| Deadline | May 28, 2023 |
| Award ceiling | $50.0 million |
| Award floor | $5.1 million |
| Expected awards | 10 |
| Total funding | $50.0 million |
| Cost sharing | required |
| Assistance Listings | 97.139 |

## Who can apply

- State governments
- Native American tribal governments (Federally recognized)
- Others (see text field entitled "Additional Information on Eligibility" for clarification)

+ The District of Columbia, Puerto Rico, the US Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands (under States)

## What the grant funds

The STORM Act is an amendment to the Robert T. Stafford Disaster Relief and Emergency Assistance Act to allow the Administrator of the Federal Emergency Management Agency to provide capitalization grants to States or Indian tribal governments to establish revolving loan funds to provide hazard mitigation assistance to local governments to reduce risks from disasters and natural hazards, and other related environmental harm. PUBL284.PS. The Administrator may enter into agreements with eligible entities to make capitalization grants to such entities for the establishment of hazard mitigation revolving loan funds (referred to in this section as \'entity loan funds\') for providing funding assistance to local governments to carry out eligible projects under this section to reduce disaster risks for homeowners, businesses, nonprofit organizations, and communities in order to decrease -- (A) the loss of life and property. ``(B) the cost of insurance; and ``(C) Federal disaster payments. Entity loan funds shall -- ``(A) be administered by the agency responsible for emergency management; and ``(B) include only -- ``(i) funds provided by a capitalization grant under this section. ``(ii) repayments of loans under this section to the entity loan fund; and ``(iii) interest earned on amounts in the entity loan fund.

## Questions people ask

### Is DHS-23-STORM-139-00-01 still open?

No. It closed on May 28, 2023.

### Who can apply for Fiscal Year 23 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program?

Department of Homeland Security - FEMA accepted applications from state and local governments and tribes. The notice adds further conditions, so read its eligibility section.

### What is the deadline for Fiscal Year 23 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program?

Closed May 28, 2023. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $50.0 million each. About $50.0 million in total across about 10 awards.

### Who has won Safeguarding Tomorrow Revolving Loan Fund Program grants before?

The largest recipients over five fiscal years were Maryland Department of Emergency Management, Adjutant General South Carolina, New Jersey Department of Law & Public Safety. The program made 6 awards worth $38.0 million in that time.