FEMA considers a variety of factors when making capitalization grant awards. Some of these factors include if the entity is ready to manage a revolving loan fund, the amount of funding requested, and the proposed priorities of the revolving loan fund.
Funding and Capitalization Grant Awards
Submitted applications will be reviewed for completeness and compliance with statutory requirements before awarding capitalization grants.
FEMA considers a variety of factors when making capitalization grant awards. Some of these factors include:
- Total amount of funding each entity indicates they need
- If the entity is ready to manage a revolving loan fund
- Proposed priorities of the revolving loan fund
Applications that pass the eligibility criteria review may be evaluated further. Grant application materials will be reviewed, and entities will be awarded amounts based on criteria such as availability of funds, quality of applications, and how the application alignment with the priorities established in Section 205(d)(3) of the Robert T. Stafford Disaster Recovery and Emergency Assistance Act.
Funding will be issued to entities at the time of award and upon establishment of the entity loan fund with the required match funding. FEMA will not retain the funds until loans are ready to be issued.
FEMA will incorporate best practices learned from participating entities into subsequent funding opportunities and program policies. FEMA will also collaborate with eligible entities to develop their capitalization grant applications.