Notice of Intent to Publish a Notice of Funding Opportunity Announcement for the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program

The Federal Emergency Management Agency (FEMA) is launching the Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program to provide capitalization grants to states, the District of Columbia, Puerto Rico, and Indian Tribal Governments to establish hazard mitigation revolving loan funds. These funds can be used to provide low-interest loans to local governments to carry out hazard mitigation projects and satisfy non-federal cost-share requirements for other FEMA Hazard Mitigation Assistance grant programs. Key aspects of the program include: • Eligible applicants: States, District of Columbia, Puerto Rico, and Indian Tribal Governments • Funding: No less than $50 million available through the first NOFO, with at least $472.5 million to be awarded over the next five years • Project proposals: Must include a project proposal request with public notice and an Intended Use Plan • Stakeholder engagement: FEMA will facilitate proactive stakeholder engagement and outreach to educate stakeholders and solicit input on the program's development and implementation