Fiscal Year 2026 Flood Mitigation Assistance Swift Current

This Notice of Funding Opportunity (NOFO) outlines the Fiscal Year 2026 Flood Mitigation Assistance Swift Current (FMA Swift Current) grant program, administered by the Federal Emergency Management Agency (FEMA) under Assistance Listing Number 97.029. With an expected total funding of $600 million, the program provides streamlined federal assistance to states, territories, federally recognized tribal nations, and local governments. Its primary objective is to reduce or eliminate repetitive flood damage to structures insured under the National Flood Insurance Program (NFIP) following a flood-related disaster. FMA Swift Current is noncompetitive, with eligibility triggered by a major disaster or emergency declaration for a flood event occurring between June 1, 2025, and May 31, 2027. Eligible applicants can receive individual project set-asides ranging from $5 million up to $40 million, determined by the volume and value of historical or event-driven NFIP claims. Eligible project types are restricted to individual flood mitigation activities (such as elevation, acquisition, relocation, or floodproofing) targeting Severe Repetitive Loss, Repetitive Loss, or substantially damaged properties. Applicants must possess a FEMA-approved hazard mitigation plan and meet a cost-share requirement, which is generally 75% federal and 25% non-federal. Exceptions allow up to 90% federal funding for Repetitive Loss properties and up to 100% for Severe Repetitive Loss properties. Applications must be submitted through the FEMA Grants Outcomes (FEMA GO) system, with individual deadlines established on a rolling basis following the qualifying disaster declaration.