Safeguarding Tomorrow Revolving Loan Fund Program

The Safeguarding Tomorrow Revolving Loan Fund (RLF) program is authorized under Section 205 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act to provide capitalization grants to states, eligible federally recognized tribes, territories and the District of Columbia to establish revolving loan funds that provide hazard mitigation assistance for local governments to reduce risks from natural hazards and disasters.

These low interest loans will allow jurisdictions to reduce vulnerability to natural disasters, foster greater community resilience and reduce disaster suffering.

Additional Information:
In the inaugural year of the Safeguarding Tomorrow Revolving Loan Fund program, FEMA gave qualified applicants the opportunity to apply for up to $50 million in capitalization grants to create a revolving loan fund. The revolving loan funds that they create will help local governments carry out hazard mitigation projects that reduce disaster risks for homeowners, businesses, nonprofit organizations and communities to help them build climate resilience. Note that: (1) FEMA will not limit or restrict project types beyond the limitations in statute; (2) Loans may be used as a non-federal cost match for another HMA grant application; (3) FEMA will not require entities to submit a benefit-cost analysis.

Frequency Details: FEMA will bridge the lessons learned throughout the first application cycle to make enhancements to the program and increase access. They anticipate releasing the next funding opportunity later this fall with higher amounts to encourage participation.

Match Requirement: at least 10%