# Notice of Intent to Publish a Notice of Funding Opportunity Announcement for the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program

Source: https://welltoldgrants.com/grants/tbd-storm-notice-of-intent-to-publish-a-notice-of/  
Official notice: https://www.grants.gov/search-results-detail/343287

> Department of Homeland Security - FEMA offered grants to state and local governments and tribes. It expected to make $50.0 million in total. Applications closed on May 31, 2023.

| Field | Value |
|---|---|
| Opportunity number | TBD-STORM |
| Agency | Department of Homeland Security - FEMA |
| Status | Forecast |
| Deadline | May 31, 2023 |
| Award ceiling | not stated |
| Award floor | not stated |
| Expected awards | not stated |
| 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)

Eligible applicants: States, District of Columbia, Puerto Rico, and Indian Tribal Governments (if a major disaster declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act has been received within the five-year period ending January 1, 2021).Additional InformationAgency Name: Federal Emergency Management AgencyDescription: The Federal Emergency Management Agency (FEMA) is announcing the future launch of the new Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program (hereafter referred to as Safeguarding Tomorrow RLF program). Through the Safeguarding Tomorrow RLF program, FEMA will make capitalization grants available to states, the District of Columbia, Puerto Rico, and eligible Indian Tribal Governments, also known as “entities”, to establish a hazard mitigation revolving loan fund. Entities can then approve low interest loans to local governments to reduce vulnerability to natural disasters, foster greater community resilience and reduce disaster suffering. Loans may also be used to satisfy a local government’s non-federal cost-share requirement for other FEMA Hazard Mitigation Assistance grant programs.

## What the grant funds

The Federal Emergency Management Agency (FEMA) is launching the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program (hereafter referred to as Safeguarding Tomorrow or STORM RLF Program). Through STORM RLF, FEMA will award capitalization grants to states, the District of Columbia, Puerto Rico, and Indian Tribal Governments for them to establish hazard mitigation revolving loan funds. Loans from a revolving loan fund may then be made to local governments to carry out hazard mitigation projects that reduce disaster risks for homeowners, businesses, nonprofit organizations, and communities. Loans may also be provided to satisfy a local government’s non-federal cost-share match for FEMA Hazard Mitigation Assistance programs. FEMA expects to publish a Notice of Funding Opportunity (NOFO) later this calendar year with an expected application deadline in the spring of 2023. FEMA intends to make available no less than $50 million through this first Safeguarding Tomorrow RLF Program NOFO. Over the next five (5) years, FEMA will issue additional NOFOs to award at least $472.5 million for hazard mitigation capitalization grants to establish revolving loan funds. Under the Infrastructure Investment and Jobs Act of 2021, also known as the Bipartisan Infrastructure Law (BIL), Congress has appropriated $500 million to the Safeguarding Tomorrow RLF Program, which includes program setup costs. This Notice of Intent (NOI) is being provided to allow potential applicants sufficient time to establish a revolving loan fund to be administered by the agency responsible for emergency management as required by 42 U.S.C. 5135(c). Some states may be able to rely upon existing loan mechanisms to satisfy this requirement. Further details will be informed by stakeholder engagement and announced in the notice of funding opportunity. This NOI also allows time for entities to develop an Intended Use Plan identifying the uses of the revolving loan fund as required by 42 U.S.C. 5135(g) and develop local government project proposals as required by 42 U.S.C. 5135(b). FEMA will require applications to include a project proposal request for which a public notice for comment was provided at least six (6) weeks prior to submitting a capitalization grant application and an Intended Use Plan. Capitalization grant recipients must be prepared, pursuant to 42 U.S.C.

## Questions people ask

### Is TBD-STORM still open?

No. It closed on May 31, 2023.

### Who can apply for Notice of Intent to Publish a Notice of Funding Opportunity Announcement for the 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 Notice of Intent to Publish a Notice of Funding Opportunity Announcement for the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program?

Closed May 31, 2023. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

About $50.0 million in total.

### 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.