$500 million available to help address climate change, natural disasters

The Department of Homeland Security (DHS) released a Notice of Funding (NOFO) for $500 million in capitalization grants from the Safeguarding Tomorrow through On-going Risk Mitigation Revolving Loan Fund program (Safeguarding Tomorrow RLF).

The Safeguarding Tomorrow RLF provides governments with loan assistance to address climate change and natural disasters at the community level. The program is funded by the Infrastructure Investment and Jobs Act (IIJA).

Awards will help states establish low-interest loans to provide hazard mitigation assistance to local governments, especially those in low-income and underserved areas.

The grants are complementary to the Federal Emergency Management Agency’s (FEMA) Hazard Mitigation Assistance grant portfolio. Together, they aim to strengthen the U.S.’s resilience to disaster vulnerability.

State and federally recognized Native tribal governments are eligible to apply for awards ranging from $5.1 million to $150 million. The NOFO closes May 30, 2024.