# Fiscal Year 2024 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program

Source: https://welltoldgrants.com/grants/dhs-24-storm-139-00-01-fiscal-year-2024-safeguarding-tomorrow-through-ongoing-risk/  
Official notice: https://www.grants.gov/search-results-detail/351552

> Department of Homeland Security - FEMA offered grants of up to $150 million (at least $5.1 million) to state and local governments and tribes. It expected to make about 10 awards worth $500 million in total. Applications closed on May 30, 2024.

| Field | Value |
|---|---|
| Opportunity number | DHS-24-STORM-139-00-01 |
| Agency | Department of Homeland Security - FEMA |
| Status | Forecast |
| Deadline | May 30, 2024 |
| Award ceiling | $150 million |
| Award floor | $5.1 million |
| Expected awards | 10 |
| Total funding | $500 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)

Territories

## What the grant funds

Pursuant to 42 U.S.C. Section 5135, 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 (Safeguarding Tomorrow RLF)program, eligible entities (refer to Section C.1) will use these capitalization grants to establish a revolving loan fund (referred to herein as an entity 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. FEMA will monitor the administration of the entity loan funds during the period of performance per the reporting requirements, and will continue to monitor administration of the entity loan funds after the capitalization grant closeout via biennial audits and post-closeout reporting. Under 42 U.S.C. ? 5135(h)(3)(C), FEMA may make recommendations for or require specific changes as needed to improve the effectiveness of the funds. Funding for the Safeguarding Tomorrow RLF program is limited. Pursuant to the Infrastructure Investment and Jobs Act, also more commonly known as the Bipartisan Infrastructure Law (BIL), FEMA must award funding through multiple Notices of Funding Opportunity over a 5-year period. The Safeguarding Tomorrow RLF program aligns with the goal of promoting resilience and adaptation in light of current risks, including those posed by climate change, and the 2020-2024 DHS Strategic Plan (https://www.dhs.gov/publication/department-homeland-securitys-strategic-plan-fiscal-years-2020-2024) through Goal 5: Strengthen Preparedness and Resilience. Specifically, Objective 5.1: Build a National Culture of Preparedness has several sub-objectives that the Safeguarding Tomorrow RLF program supports.

## Questions people ask

### Is DHS-24-STORM-139-00-01 still open?

No. It closed on May 30, 2024.

### Who can apply for Fiscal Year 2024 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 2024 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program?

Closed May 30, 2024. 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 $150 million each. About $500 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.