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

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

Closed Closed May 31, 2023 Opportunity TBD-STORM ☆ 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.

• Total funding$50.0 million
• 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)

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.

More grants for state and local governments, tribes.

Is this a realistic fit?

• The notice requires cost sharing or matching funds, so you must contribute part of the project cost.

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.

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.

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