Safeguarding Tomorrow Revolving Loan Fund Program

 

The Safeguarding Tomorrow Revolving Loan Fund (RLF) Program provides capitalization grants to eligible Entities to establish revolving loan funds to provide hazard mitigation assistance to local governments to reduce risks from disasters and natural hazards and other related environmental harm. The Safeguarding Tomorrow RLF makes Federal funds available for projects that address, but are not necessarily limited to: *Drought and prolonged episodes of intense heat *Severe storms, including hurricanes, tornados, windstorms, cyclones *Wildfires, earthquakes, flooding, shoreline erosion, high water levels, storm surges *Zoning and land use planning *Building code establishment and enforcement

Active 97.139 Federal Emergency Management Agency, Department of Homeland Security B - Project Grants Not applicable. Safeguarding Tomorrow through Ongoing Risk Mitigation Act (STORM Act) (Pub. L. No. 116-284), amending the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act) (42 U.S.C. § 5135)., Title Safeguarding Tomorrow through Ongoing Risk Mitigation Act (STORM Act)
Public Law 116-284
The STORM Act creates a new section 205 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act and authorizes the Administrator of the Federal Emergency Management Agency to provide capitalization grants to eligible Entities to establish revolving funds to provide hazard mitigation assistance to reduce risks from disasters and natural hazards and other related environmental harm. (PUBL284.PS (congress.gov)) Only states, territories, and Tribal governments (Tribal governments are only eligible if they have had a major disaster declaration in the past 5 years (prior to January 1, 2021) are eligible to apply to DHS/FEMA for funding under this program. Not applicable. Entities must provide an application with local government hazard mitigation project proposals and an Intended Use Plan. The Intended Use Plan: ? Identifies the intended uses of the entity loan fund and how the loan fund will be administered ? Advises how the loan fund will be disbursed ? Advises the financial status of the fund ? Advises the expected terms of assistance ? Provides assurances that a Loan Fund will be established prior to grant award Preapplication coordination is required. An environmental impact assessment is required for this listing. This program is eligible for coverage under E.O. 12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. The application procedure for the Safeguarding Tomorrow RLF is described in the program's Notice of Funding Opportunity available from https://www.grants.gov. The Criteria for Selecting Proposals for the Safeguarding Tomorrow RLF Program is described in the program's Notice of Funding Opportunity available from https://www.grants.gov. Contact the headquarters or regional location, as appropriate for application deadlines From 30 to 60 days. Not applicable. Not applicable. The Criteria for Selecting Proposals for the Safeguarding Tomorrow RLF Program is described in the program's Notice of Funding Opportunity available from https://www.grants.gov. Funding may be used to fund projects that enable hazard mitigation measures that will reduce risks from disasters and natural hazards and other related environmental harm. Not applicable. Single Audit requirements Financial records, supporting documents, statistical records, and all other non-federal entity records pertinent to a federal award generally must be maintained for at least three years from the date the final Federal Financial Report (FFR) is submitted. See 2 C.F.R. ? 200.334. Further, if the recipient does not submit a final FFR and the award is administratively closed, FEMA uses the date of administrative closeout as the start of the general record retention period. The record retention period may be longer than three years or have a different start date in certain cases. These include: ? Records for real property and equipment acquired with federal funds must be retained for three years after final disposition of the property. See 2 C.F.R. ? 200.334(c). ? If any litigation, claim, or audit is started before the expiration of the three-year period, the records must be retained until all litigation, claims, or audit findings involving the records have been resolved and final action taken. See 2 C.F.R. ? 200.334(a). ? The record retention period will be extended if the recipient is notified in writing of the extension by FEMA, the cognizant or oversight agency for audit, or the cognizant agency for indirect costs. See 2 C.F.R. ? 200.334(b). ? Where FEMA requires recipients to report program income after the period of performance ends, the program income record retention period begins at the end of the recipient's fiscal year in which program income is earned. See 2 C.F.R. ? 200.334(e). ? For indirect cost rate proposals, cost allocation plans, or other rate computations records, the start of the record retention period depends on whether the indirect cost rate documents were submitted for negotiation. If the indirect cost rate documents were submitted for negotiation, the record retention period begins from the date those documents were submitted for negotiation. If indirect cost rate documents were not submitted for negotiation, the record retention period begins at the end of the recipient's fiscal year or other accounting period covered by that indirect cost rate. See 2 C.F.R. ? 200.334(f). Statutory formula is not applicable to this assistance listing.

Matching is mandatory. Assistance provided under the Safeguarding Tomorrow RLF is subject to a non-Federal cost-sharing requirement of not less than 10 percent. Federal funding is available for up to 90 percent of the requested capitalization grant amount. The remaining 10 percent of the capitalization grant amount must be derived from non-federal sources, or the federal grant amount will be reduced until the non-federal share provided by the Entity is equal to 10-percent.

MOE requirements are not applicable to this assistance listing. The open application period for this funding will generally be not less than 60 days, and funds awarded must be expended within the period of performance of the award unless otherwise extended by the awarding agency. Method of awarding/releasing assistance: Lump. Identify Federal regional or local offices that may be contacted about this listing. Jennie Orenstein
HQ 400 C Street, SW, Suite 313
Washington, DC 204723020 USA
FEMA-STORMRLF@fema.dhs.gov
Phone: 2022124071

Daniel Walker
HQ 400 C Street, SW, Suite 313
Washington, DC 20472 USA
FEMA-STORMRLF@fema.dhs.gov
Phone: 2025703458 70-0410-1-0-453 (Project Grants) FY 21 FY 22 est $50,000,000.00; FY 23 est $99,999,999.00; - Not applicable/available. 2 C.F.R. Part 200 Uniform Administrative, Cost Principles and Audit Requirements for Federal Awards, applies to this program. Not applicable.