Closed · DHS-24-STORM-139-00-01 · CFDA 97.139 · Discretionary
Fiscal Year 2024 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program
Federal grant opportunity posted by Department of Homeland Security - FEMA, cataloged on Grants.gov.
- $5.1M-$150M
- Award range
- Closed
- Status
- May 30, 2024
- Close date
- 10
- Expected awards
The verdict
Fiscal Year 2024 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program is a closed discretionary listing from Department of Homeland Security - FEMA that offered $5,100,000 -- $150,000,000 across 10 expected awards. Future funding cycles may be published under the same CFDA number.
- $5.1M-$150M
- award range
- Closed
- application status
- 10
- expected awards
- 97.139
- CFDA program
Opportunity snapshot. This Grants.gov announcement - Fiscal Year 2024 Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program - is cataloged under number DHS-24-STORM-139-00-01 and tied to CFDA assistance listing 97.139, posted by Department of Homeland Security - FEMA. Grants.gov currently shows the opportunity as closed, first posted on December 19, 2023 and last updated on April 23, 2024. The funding category is Discretionary, delivered as a other.
Award economics. The award range on file is $5,100,000 -- $150,000,000. The agency has projected $500.0 million in total estimated funding for this announcement. It expects to issue 10 awards. If the agency funds the expected 10 awards from the $500.0 million estimated pool, the average award works out to roughly $50.0 million. Cost sharing or matching funds are required, meaning applicants must contribute a portion of the project budget from non-federal sources, factor this into your financial plan before drafting the proposal. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on May 30, 2024. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully, federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed, it helps clarify scope and scoring priorities. Before acting on the deadline or award figures above, verify them directly on the official Grants.gov listing, amendments can change dates and amounts after this page was last refreshed.
Award Range
$5,100,000 -- $150,000,000
Close Date
May 30, 2024
Posted
December 19, 2023
Est. Total Funding
$500,000,000
Expected Awards
10
Instrument
Other
Cost Sharing
Required
Description
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. The Safeguarding Tomorrow RLF program serves primarily to bolster Sub-Objective 5.1.1: Incentivize investments that reduce risk and increase pre-disaster mitigation, including expanding the use of insurance to manage risk through funding hazard mitigation projects, particularly ones that reduce risk to infrastructure. By focusing on increasing resilience and reducing harm to built infrastructure, this program will help members of underserved communities,1 who might be at heightened risk as a result of current hazards, including those associated with climate change. The Safeguarding Tomorrow RLF program complements and supplements FEMA's Hazard Mitigation Assistance (HMA) grant portfolio to support mitigation projects at the local government level and increase the Nation's resilience to natural hazards and climate change. Entity loan funds can be leveraged differently than other funding opportunities to meet unique funding needs. This program will support entity-led hazard mitigation priorities and allow participating entities to meet their funding needs as described in the entity's Intended Use Plan (see Section D.10.b). Such needs may include but are not limited to: meeting non-Federal cost-share requirements for other grants, upfront project design costs, smaller projects that may not qualify for other HMA grant programs, or projects that do not meet the cost-effectiveness requirements applicable for other programs.
Eligibility
Grants.gov lists this opportunity under eligibility category codes 00, 07, 25. These codes correspond to applicant types (state/local government, tribal organization, nonprofit, educational institution, individual, small business, etc.) defined in Grants.gov's own eligibility reference. See the current Grants.gov eligibility categories or check the official listing below for this opportunity's exact eligibility statement.
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Agency Contact
: ND Grants Service Desk Phone: 1-800-865-4076 E-mail: NDGrants@fema.dhs.gov
Key Dates
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology - how this data is sourced, computed, and verified.
Related
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| Sources | the SAM.gov Assistance Listings and Grants.gov |