Fiscal Year 2026 Flood Mitigation Assistance Swift Current

The Flood Mitigation Assistance Swift Current program is administered by the Federal Emergency Management Agency under the U.S. Department of Homeland Security. This program is designed to provide rapid and targeted financial assistance following flood related disasters in order to reduce or eliminate repetitive flood damage to structures insured under the National Flood Insurance Program. FEMA, through its Hazard Mitigation Assistance Division, manages the program as part of a broader federal strategy to increase community resilience and reduce long term disaster recovery costs. The Swift Current model differs from traditional mitigation funding by aligning eligibility and timing with recent disaster declarations and insurance claim data. The primary purpose of this funding opportunity is to support individual flood mitigation projects that address severe repetitive loss properties, repetitive loss properties, or structures that have been substantially damaged. Eligible activities include projects such as elevation, acquisition, reconstruction, or floodproofing of insured properties. The program does not fund localized flood risk reduction or capacity building initiatives, focusing instead on direct property level mitigation. Funding may also support management and administrative costs related to project execution. All supported activities must comply with federal regulations, hazard mitigation planning requirements, and engineering standards. Funding under this program is substantial, with a total expected allocation of six hundred million dollars. Individual applicants may receive between five million and forty million dollars depending on criteria such as prior insurance claims and disaster impact levels. FEMA determines funding set asides based on thresholds of claims and damage metrics. The program generally requires a cost share of up to seventy five percent federal funding and twenty five percent non federal contribution, though certain properties such as severe repetitive loss properties may qualify for up to one hundred percent federal funding. Matching contributions may include cash or in kind resources, but must meet federal eligibility standards. Eligibility is limited to state governments, the District of Columbia, U.S. territories, and federally recognized tribal nations. These entities must have received a qualifying flood related major disaster or emergency declaration within a specified timeframe and must meet insurance claims thresholds or similar criteria. Subapplicants may include local governments and other eligible entities that participate in the National Flood Insurance Program. All applicants and subapplicants must maintain active participation in the program and possess approved hazard mitigation plans at the time of application and award. The application process requires entities to maintain active registrations in SAM.gov and Grants.gov, and to submit applications through the FEMA Grants Outcomes system. Applicants must compile detailed project proposals including benefit cost analysis, environmental compliance documentation, and proof of eligibility. FEMA reviews submissions on a rolling basis within each applicant’s eligibility window, evaluating criteria such as cost effectiveness, technical feasibility, and alignment with mitigation plans. Applications must also demonstrate compliance with federal regulations and funding requirements. Application timelines are unique to each disaster activation. Following a qualifying disaster declaration, FEMA notifies eligible applicants within approximately sixty days and establishes a submission window typically lasting about one hundred twenty days. In some cases, deadlines may extend to one hundred fifty days depending on eligibility category. Awards are issued on a rolling basis, and applicants must accept funding within thirty days of award notification. The period of performance generally spans thirty six months from the award date. Overall, the Swift Current program represents a streamlined and responsive funding mechanism intended to accelerate mitigation efforts immediately following flood disasters. By prioritizing high risk properties and leveraging insurance data, the program aims to reduce future losses, enhance resilience, and lower long term costs to both communities and the federal government.

Ensure strong benefit cost analysis and NFIP compliance; prioritize SRL and RL properties for competitiveness