Cooperative AgreementPostedDiscretionary

Innovative Finance and Asset Concession (IFAC) Grant Program

69A345 Office of the Under Secretary for Policy
DOT-OST-2025-0033
Application Deadline
Oct 1, 2025
Closed
Days Remaining
0
Deadline passed
Award Ceiling
$2,000,000
Total Program Funding
—

Grant Opportunity Analysis

The U.S. Department of Transportation's Office of the Under Secretary for Policy is offering the Innovative Finance and Asset Concession (IFAC) Grant Program, which aims to facilitate public-private partnerships for enhancing transportation infrastructure. This program will award up to $45.98 million on a competitive basis to eligible public entities, including federally recognized Native American Tribal Governments, to explore innovative financing and delivery methods for projects such as highways, transit, and airports. The funding, which ranges from $100,000 to $2 million per grant, is intended to build organizational capacity and provide expert services for project-level assistance, with applications due by October 1, 2025. Interested applicants can reach out to Program Manager Jennifer L. Hara at jennifer.hara@dot.gov for further information.

Eligible Applicants

Federally Recognized Native American Tribal Governments

Grant Documents

2 Files
IFAC.bin
Binary•25 KB•Aug 16, 2025
AI Summary
The U.S. Department of Transportation's Innovative Finance and Asset Concession (IFAC) Grant Program, detailed in this FY24-26 Notice of Funding Opportunity, offers $45.98 million to facilitate public-private partnerships for enhancing existing transportation assets. Eligible entities, including states, tribal governments, and local governments, can apply for Technical Assistance or Expert Services grants. Technical Assistance grants (up to $2 million, with federal share varying based on amount) build organizational capacity for developing asset concessions, requiring evaluation of at least two existing assets. Expert Services grants fund advisors for project-level assistance, focusing on leveraging public and private funding for a specific existing asset. Applications are due by October 1, 2025, via Grants.gov, and will be competitively reviewed based on technical merit and readiness criteria, including need, goals, development strategy, work plan feasibility, private sector investment viability, capacity to deliver, and budget. The program aims to increase public entities' capacity to engage in innovative financing and project delivery methods.
IFAC.pdf
PDF•470 KB•Aug 16, 2025
AI Summary
The U.S. Department of Transportation's Innovative Finance and Asset Concession (IFAC) Grant Program, detailed in this FY24-26 Notice of Funding Opportunity, offers $45.98 million to facilitate public-private partnerships for enhancing existing transportation assets. Eligible entities, including states, tribal governments, and local governments, can apply for Technical Assistance or Expert Services grants. Technical Assistance grants (up to $2 million, with federal share varying based on amount) build organizational capacity for developing asset concessions, requiring evaluation of at least two existing assets. Expert Services grants fund advisors for project-level assistance, focusing on leveraging public and private funding for a specific existing asset. Applications are due by October 1, 2025, via Grants.gov, and will be competitively reviewed based on technical merit and readiness criteria, including need, goals, development strategy, work plan feasibility, private sector investment viability, capacity to deliver, and budget. The program aims to increase public entities' capacity to engage in innovative financing and project delivery methods.

Related Grant Opportunities

Project Timeline

postedOriginal Opportunity PostedAug 13, 2025
deadlineApplication DeadlineOct 1, 2025
expiryArchive DateOct 31, 2025

Funding Details

Award Ceiling
$2,000,000
Award Floor
$100,000
Cost sharing required

Agency & Classification

Agency
69A345 Office of the Under Secretary for Policy(DOT-DOT X-50)
Funding Category
Transportation
Funding Instrument
Cooperative Agreement

Grantor Contact

CFDA Numbers

20.945

Official Sources

View on Grants.gov