Closed · DOT-OST-2025-0033 · CFDA 20.945 · Discretionary

Innovative Finance and Asset Concession (IFAC) Grant Program

Federal grant opportunity posted by 69A345 Office of the Under Secretary for Policy, cataloged on Grants.gov.

$100K-$2M
Award range
Closed
Status
October 1, 2025
Close date
-
Expected awards

The verdict

Innovative Finance and Asset Concession (IFAC) Grant Program is a closed discretionary listing from 69A345 Office of the Under Secretary for Policy that offered $100,000 -- $2,000,000. Future funding cycles may be published under the same CFDA number. PlainGrants indexes 58 other opportunities from 69A345 Office of the Under Secretary for Policy.

$100K-$2M
award range
Closed
application status
20.945
CFDA program
58
other opportunities from 69A345 Office of the Under Secretary for Policy

Archived opportunity record

Innovative Finance and Asset Concession is closed (last close October 1, 2025). Check the agency catalog for replacement NOFOs. 69A345 Office of the Under Secretary for Policy still indexes 58 other opportunities here.

According to Grants.gov (extract vintage 2026-08-10), this record reflects the officially published listing. See methodology.

Deadline tracker

Application window closed

Closed October 1, 2025

Posted Aug 13 Closes Oct 1

Instrument

Cooperative Agreement

Cost Sharing

Required

Description

The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession (IFAC) Grant Program (the Program). Up to $45.98 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 2024, 2025, and 2026. 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.

Multi-door applicant board · 5 Grants.gov types

Grants.gov prints 5 distinct applicant types for Innovative Finance and Asset Concession (State governments; County governments; City or township governments; Special district governments; +1 more). Filter fit against the official announcement before drafting. Applicant cost-sharing is required on the Grants.gov extract. Instrument: Cooperative Agreement. Funding-activity code maps to Transportation (T). Only 1 other 69A345 Office of the Under Secretary for Policy listing share this exact eligibility-code string (2% of 59).

Code 00
State governments
Code 01
County governments
Code 02
City or township governments
Code 04
Special district governments
Code 07
Federally recognized tribal governments

Codes are Grants.gov eligibility category values from the extract vintage 2026-08-10. Confirm the full eligibility statement on the official listing or the Grants.gov eligibility reference.

Official Listing on Grants.gov

View full details, application forms, and submission instructions.

View on Grants.gov

Agency Contact

Jennifer L Hara Grantor Phone 2028390199

More from 69A345 Office of the Under Secretary for Policy

Closed

Rural and Tribal Assistance Pilot Program NOFO

View →

What to do next

Innovative Finance and Asset Concession is closed; use the parent program and agency catalog for the next funding cycle.

  • Browse open federal opportunities in the same category when this listing is closed. Open opportunities
  • Look up CFDA 20.945 across all indexed listings before you commit to this opportunity alone. Eligibility finder
  • Compare award ranges across federal categories before you pick a single CFDA. All categories

Opportunity deadlines and eligibility change on Grants.gov; PlainGrants mirrors the extract and is not the submission system.

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.

Data sourced from the SAM.gov Assistance Listings and Grants.gov. See our methodology for details. Retrieved and formatted by PlainGrants