If you are involved in hazard mitigation planning, you’re undoubtedly familiar with the various funding sources available to you and your community through FEMA’s Hazard Mitigation Assistance (HMA) grants. These include the Hazard Mitigation Grant Program (HMGP), Flood Mitigation Assistance (FMA), Building Resilient Infrastructure and Communities (BRIC), HMGP Post-Fire Assistance, and Pre-Disaster Mitigation (PDM). 

But did you know that another source of federal funding is now available? It’s known as FEMA’s Safeguarding Tomorrow Revolving Loan Fund. And there is $50 million available. 

The loan fund was established after the Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act became law on January 1, 2021. The act authorizes FEMA to provide capitalization grants to states, eligible