Grants / Department of Homeland Security / Department of Homeland Security - FEMA

DHS-23-STORM-139-00-01: Fiscal Year 23 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program

Closed Closed May 28, 2023 Opportunity DHS-23-STORM-139-00-01 ☆ Save

This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Department of Homeland Security - FEMA notices from 2022.

• Award ceiling$50.0 million
• Award floor$5.1 million
• Total funding$50.0 million
• Expected awards10
• Cost sharingRequired
• Funding typeGrant

Key dates

Who can apply

This opportunity was open to state and local governments and tribes.

• 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)

More grants for state and local governments, tribes.

Is this a realistic fit?

• Past Safeguarding Tomorrow Revolving Loan Fund Program awards averaged $6.3 million; this notice allows up to $50.0 million per award.
• The notice requires cost sharing or matching funds, so you must contribute part of the project cost.

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.

Category: Other.

Applying now

This notice no longer takes applications. Agencies often post the same opportunity again under a new number, so check the program's notices on Grants.gov and the similar open grants below.

The notice on Grants.gov keeps its full text and attachments, which is useful for planning a resubmission.