# Innovative Finance and Asset Concessions Grant Program

Source: https://welltoldgrants.com/grants/dot-ifacgp-fy2223-01-innovative-finance-and-asset-concessions-grant-program/  
Official notice: https://www.grants.gov/search-results-detail/349860

> 69A345 Office of the Under Secretary for Policy offered grants of up to $2.0 million to state and local governments and tribes. It expected to make about 45 awards worth $57.7 million in total. Applications closed on May 10, 2024.

| Field | Value |
|---|---|
| Opportunity number | DOT-IFACGP-FY2223-01 |
| Agency | 69A345 Office of the Under Secretary for Policy |
| Status | Forecast |
| Deadline | May 10, 2024 |
| Award ceiling | $2.0 million |
| Award floor | not stated |
| Expected awards | 45 |
| Total funding | $57.7 million |
| Cost sharing | not required |
| Assistance Listings | 20.945 |

## Who can apply

- State governments
- County governments
- City or township governments
- Special district governments
- Native American tribal governments (Federally recognized)

## What the grant funds

The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession Grant Program (IFACGP or the Program). Up to $57.72 million will be awarded on a competitive basis to assist eligible public entities in facilitating and evaluating public-private partnerships and exploring opportunities for innovative financing and delivery for eligible transportation infrastructure projects, including highway, transit, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, airports, and transit-oriented development projects. This notice will award funding from Fiscal Years 2022, 2023, and 2024. Eligible applicants for this Program are public entities that own, control, or maintain assets that could be developed into enhanced assets. Eligible assets are those activities that would reasonably be deemed eligible to receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan through the Bureau.

## Questions people ask

### Is DOT-IFACGP-FY2223-01 still open?

No. It closed on May 10, 2024.

### Who can apply for Innovative Finance and Asset Concessions Grant Program?

69A345 Office of the Under Secretary for Policy accepted applications from state and local governments and tribes.

### What is the deadline for Innovative Finance and Asset Concessions Grant Program?

Closed May 10, 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 $2.0 million each. About $57.7 million in total across about 45 awards.

### Who has won Asset Concessions and Innovative Finance Assistance grants before?

The largest recipients over five fiscal years were Little Rock Municipal Airport Commission, Richmond, City of, Rhode Island Public Transit Authority. The program made 44 awards worth $48.5 million in that time.