Fiscal Year 2024 Flood Mitigation Assistance Swift Current

The Flood Mitigation Assistance Swift Current program is administered by the Federal Emergency Management Agency within the Department of Homeland Security. It is part of the broader Hazard Mitigation Assistance portfolio and is authorized under the National Flood Insurance Act and funded through the Infrastructure Investment and Jobs Act. The program is designed to address increasing flood risks across the United States, particularly those affecting properties insured through the National Flood Insurance Program. It reflects federal priorities around disaster resilience, climate adaptation, and equity, including alignment with initiatives such as Justice40 to support disadvantaged communities. The primary purpose of the program is to reduce or eliminate the risk of repetitive flood damage to structures insured under the National Flood Insurance Program. It specifically targets properties classified as Repetitive Loss, Severe Repetitive Loss, or those substantially damaged following a flood-related disaster. The program aims to improve long-term community resilience by funding mitigation projects that prevent future losses, reduce federal disaster expenditures, and support recovery efforts following declared flood disasters. Funding under this program supports project scoping and individual flood mitigation projects. Eligible uses include activities that directly mitigate flood risks, such as property elevation, acquisition, relocation, or structural retrofits. The program restricts funding to projects tied to qualifying flood events and requires that funded structures maintain active flood insurance coverage for the life of the property. Awards are distributed as project grants with a typical performance period of 36 months from the date of award. The program requires cost sharing in most cases, with a standard federal cost share of up to 75 percent and a non-federal match of 25 percent. However, higher federal shares are available depending on project type and eligibility, including up to 90 percent for certain repetitive loss properties and up to 100 percent for severe repetitive loss properties that meet statutory definitions. Applicants must document eligibility for enhanced cost share levels when applying. Eligible applicants include state governments, U.S. territories, federally recognized tribal governments, and local governments, though local entities must apply through their state or territorial applicant. Each applicant must designate a single agency to submit one application through the FEMA Grants Outcomes system. Applicants must also meet activation criteria tied to receiving a major disaster declaration for a flood-related event within a specified timeframe and must demonstrate qualifying flood insurance claims activity or meet alternative eligibility pathways. Applications must be submitted electronically through FEMA GO by the stated deadline. The application process includes submission of project-level subapplications, documentation supporting eligibility, and compliance with federal requirements such as environmental review under the National Environmental Policy Act. Applications are reviewed by FEMA staff, with award decisions typically made within 30 to 60 days after submission. Recipients are responsible for managing subawards and ensuring compliance with reporting, audit, and performance monitoring requirements. The current funding opportunity was posted on May 30, 2024, with a final application deadline of December 30, 2026. Funding is provided on a rolling basis following qualifying disaster declarations, making timing contingent on disaster events and eligibility criteria. The program does not follow a traditional annual cycle but is expected to recur as federal mitigation funding continues to be appropriated. The total program funding for this cycle is approximately 500 million dollars, reflecting a significant federal investment in reducing flood risk nationwide.

Focus on projects that reduce repetitive flood loss and align with NFIP priorities; demonstrate eligibility through claims data and disaster declaration; prioritize projects benefiting disadvantaged communities