FEMA will provide capitalization grants for entities to establish revolving loan funds for mitigation projects and activities to increase resilience and mitigate the impacts of events such as drought, extreme heat, severe storms, wildfires, floods and earthquakes.
This is an opportunity to prioritize low-impact development, wildland-urban interface management, conservation areas, reconnection of floodplain and open space projects.
In addition, funding can be utilized for building code adoption and enforcement. Loans will be awarded for these activities in accordance with the state, tribal, territorial, or District of Columbia Intended Use Plans for their fund.
The Safeguarding Tomorrow Revolving Loan Fund program allows grant recipients to provide loans for zoning and land-use planning.
Loans may be used to satisfy a local government’s non-federal cost share requirement for other FEMA Hazard Mitigation Assistance grant programs, such as the Hazard Mitigation Grant Program, Hazard Mitigation Grant Program Post Fire, Building Resilient Infrastructure and Communities and Flood Mitigation Assistance grant programs.