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Hazard Mitigation Revolving Loan Funds/Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act

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Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act establishes a competitive discretionary grant program administered directly by the federal government through the Department of Homeland Security. The program focuses on hazard mitigation, resilience, and climate adaptation by capitalizing Revolving Loan Funds (RLFs) to provide low-interest loans to local governments. Priority is given to low-income and underserved communities to help homeowners, businesses, and nonprofits reduce disaster risks, which in turn lowers property damage, insurance costs, and federal disaster expenditures. FEMA prioritizes projects that strengthen the resilience of natural and built infrastructure, particularly critical national infrastructure and major economic sectors. Preference is also given to initiatives that involve partnerships between multiple eligible entities and those that address the regional impacts of hazards. While the program is currently closed pending the next funding cycle, it remains a key mechanism for enhancing community fortitude against disasters.

General Info

DHS grants capitalize revolving loan funds for local hazard mitigation and climate resilience.

Agency

Department of Homeland Security

NAICS

925120 - Administration of Urban Planning and Community and Rural Development

Place of Performance

Not specified

Set-Aside

NONE

Documents

0

No documents available

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Organization & Contact Information

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AgencyDepartment of Homeland Security
ContactsNo contacts available
OfficeWY, USA
Organization / AgencyDepartment of Homeland Security
Office AddressWY, USA
ContactsNo contact information available

Full Description

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The STRLF program prioritizes capitalizing RLFs to offer low-interest loans to local governments, especially in low-income and underserved areas. Projects aim to reduce disaster risk for homeowners, businesses, and communities, lowering loss of life, property damage, insurance costs, and federal disaster payments. FEMA prioritizes projects enhancing infrastructure resilience, fostering partnerships, addressing regional hazards, and fortifying critical sectors and infrastructure.
Eligible uses: The primary priority of the STRLF program is to capitalize STT-established RLFs that will provide direct low-interest loans to local governments most in need of assistance, including low-income geographic areas and underserved communities. Projects can assist homeowners, businesses, certain nonprofit organizations, and communities in reducing their disaster risk, thereby decreasing future loss of life and property, costs of insurance, and federal disaster payments. In awarding capitalization grants, the STORM Act directs FEMA to give priority to projects that: increase resilience and reduce the risk of harm to natural and built infrastructure; involve a partnership between two or more eligible entities; take into account regional impacts of hazards; and increase resilience of major economic sectors or critical national infrastructure.
Program administrator: Direct federal
Program status: Closed: Pending next funding cycle
Financial instrument: Competitive/Discretionary Grant
Topics: Hazard Mitigation, Resilience, Climate
Notice of funding opportunity: https://grants.gov/search-results-detail/358188
Additional information: https://www.fema.gov/grants/mitigation/learn/storm-rlf#funds

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