Fiscal Year 2023 Flood Mitigation Assistance Swift Current (FMA Swift Current)
ID: 350974Type: Posted
Overview

Buyer

Department of Homeland Security - FEMA (DHS-DHS)

Eligible Applicants

Others

Funding Category

Other

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/350974

Additional Information

mtegrants@fema.dhs.gov
Timeline
    Description

    The Department of Homeland Security, through FEMA, is offering the Fiscal Year 2023 Flood Mitigation Assistance Swift Current grant program, aimed at reducing flood risks in communities affected by recent disasters. This initiative provides funding to states, U.S. territories, and federally recognized Tribal governments for projects that mitigate repetitive flood damage to structures insured under the National Flood Insurance Program (NFIP). The program recognizes the increasing flood hazards due to climate change and emphasizes the importance of enhancing community resilience through effective flood risk mitigation strategies. A total of $300 million is available for funding, with applications accepted from November 15, 2023, to January 15, 2025, for disasters declared between June 1, 2023, and May 31, 2024. Interested applicants can reach out to FEMA at mtegrants@fema.dhs.gov for further information.

    Point(s) of Contact
    mtegrants@fema.dhs.gov
    Files
    Title
    Posted
    FY_2023_Swift Current_NOFO_Amendment 1 Summary of Changes_clean_rev_508.pdf
    FY_2023_Swift Current_NOFO_Amendment 1_clean_rev_508.pdf
    FY_2023_Swift.pdf
    The Department of Homeland Security (DHS) has released an amendment to the Fiscal Year 2023 Flood Mitigation Assistance (FMA) Swift Current Notice of Funding Opportunity (NOFO) aimed at enhancing eligibility criteria and application guidelines following feedback from FEMA Regions and applicants. The amendment clarifies that properties deemed Substantially Damaged after the disaster declaration incident period start date qualify for FMA Swift Current funding, allowing for a broader range of eligible structures. Key program details include a funding pool of $300 million for Individual Flood Mitigation Projects aimed at properties classified as Repetitive Loss (RL) or Severe Repetitive Loss (SRL). Applications will be accepted from November 15, 2023, until January 15, 2025, for disaster declarations occurring between June 1, 2023, and May 31, 2024. Extended deadlines apply specifically to U.S. Territories and Tribal governments, recognizing their unique processes. The amendment emphasizes the necessity of a Benefit-Cost Analysis (BCA) for validating the cost-effectiveness of projects and directs applicants to update benefits figures on FEMA's BCA website. Overall, the amendment seeks to streamline the funding application process while focusing on mitigation of flood risks in vulnerable communities.
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