Opportunity Information: Apply for TBD STORM
The Federal Emergency Management Agency (FEMA) is set to introduce the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program, known as the STORM RLF Program. This initiative will provide capitalization grants to states, the District of Columbia, Puerto Rico, and Indian Tribal Governments, allowing them to create revolving loan funds aimed at financing hazard mitigation projects.
These loans will help local governments implement measures that reduce disaster risks for homes, businesses, nonprofit organizations, and communities, and can also be used to meet local matching requirements for FEMA's Hazard Mitigation Assistance programs. The first round of funding will offer at least $50 million, with an overall goal of distributing $472.5 million over five years.
FEMA plans to publish a Notice of Funding Opportunity (NOFO) later this year, with applications due in spring 2023. The program, funded through the Infrastructure Investment and Jobs Act, encourages entities to establish compliant revolving loan funds and develop Intended Use Plans for effective utilization of the funds.
FEMA will engage with stakeholders through outreach initiatives and provide educational resources to enhance participation and ensure a customer-focused approach. Eligible applicants include government entities that have had a major disaster declaration within the past five years. Further updates and information can be found on FEMA's official website.Apply for TBD STORM
- The Department of Homeland Security - FEMA in the other sector is offering a public funding opportunity titled "Notice of Intent to Publish a Notice of Funding Opportunity Announcement for the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 97.139.
- This funding opportunity was created on 2022-08-29.
- Applicants must submit their applications by 2023-05-31. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2025.)
- Eligible applicants include: State governments, Native American tribal governments (Federally recognized), Others.
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