STORM Revolving Loan Fund
Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Revolving Loan Fund
The Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act became law on Jan. 1, 2021 and authorizes FEMA 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. The Act amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act.
More information about the program is available on FEMAs website here.
On Dec. 20, 2022, FEMA released the Notice of Funding Opportunity (NOFO) making available $50 million for the new Safeguarding Tomorrow RLF program. Florida intends to submit an application to FEMA no later than April 28, 2023, pending state legislation. The funding opportunity is available here.
FEMA requires that entities develop an Intended Use Plan (IUP) which provides information to FEMA about goals for the entity loan fund, the criteria for the distribution of loans, and the process for management of the loan fund. FEMA also requires that the IUP be available for Public Comment. Below is the Florida Division of Emergency Management Safeguarding Tomorrow Revolving Loan Fund Intended Use Plan for FY 2023. It is being made available for Public Comment April 26-27, 2023. Comments may be sent to Laura.Dhuwe@em.myflorida.com.
Florida Safeguarding Tomorrow Revolving Loan Fund Intended Use Plan FY 2023
Laura Dhuwe, State Hazard Mitigation Officer
Chief of Mitigation
Laura.Dhuwe@em.myflorida.com
