Innovative Finance and Asset Concession (IFAC) Grant Program

Opportunity snapshot. This Grants.gov announcement - Innovative Finance and Asset Concession (IFAC) Grant Program - is cataloged under number DOT-OST-2025-0033 and tied to CFDA assistance listing 20.945, posted by 69A345 Office of the Under Secretary for Policy. Grants.gov currently shows the opportunity as closed, first posted on August 13, 2025 and last updated on August 25, 2025. The funding category is Discretionary, delivered as a cooperative agreement.

Award economics. The award range on file is $100,000 -- $2,000,000. 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 October 1, 2025. 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.