Flood Mitigation Assistance (FMA) Swift Current

The Flood Mitigation Assistance (FMA) grant program makes federal funds available to states, U.S. territories, federally recognized tribal governments, and local governments to reduce or eliminate the risk of repetitive flood damage to buildings and structures insured under the National Flood Insurance Program (NFIP), and within NFIP-participating communities. It does so by acknowledging the increasing flood hazards to communities, anticipated growth of damage and repetitive losses due to floods, and the need for flood hazard risk mitigation activities that reduce the NFIP�s financial exposure. The purpose of FMA Swift Current is to reduce or eliminate the flood risk of repetitive flood damage to structures and buildings insured by the NFIP following a flood-related disaster event, and to enhance community flood resilience within NFIP-participating communities. It does so by providing funding for mitigation opportunities immediately after a flood disaster event with the aim of delivering timely mitigation outcomes. FMA Swift Current funds Project Scoping that results in development of individual mitigation projects eligible under FMA Swift Current, and Individual Flood Mitigation Projects for Repetitive Loss (RL), Severe Repetitive Loss (SRL), or properties deemed Substantially Damaged by the local jurisdiction according to the jurisdiction�s floodplain management ordinance after the applicant�s disaster declaration period start date. FMA Swift Current aims to better align the delivery of FMA flood mitigation funding to the disaster survivor experience. Awards made...

Each state, U.S. territory, the District of Columbia, and federally recognized tribal government shall designate one agency to serve as the applicant for FMA Swift Current funding. The designee is strongly encouraged to conduct outreach with NFIP participating communities prior to and during the application process. Each applicant�s designated agency may submit only one FMA grant application to FEMA. Applicant Eligibility Criteria The applicant meets the FMA Swift Current activation criteria when: The applicant receives a major disaster declaration for a flood-related disaster event between June 1, 2025, and the disaster declaration deadline of May 31, 2026. A flood-related disaster event includes coastal storms, hurricanes, remnants of hurricanes, and floods; and the applicant meets at least one of the three conditions or the special consideration: The applicant has at least $1 million in prior NFIP flood insurance claims in the twelve months prior to the disaster declaration incident period start date; or The applicant has 500 or more NFIP flood insurance claims in the declared flood-related disaster event; or The applicant is a U.S. territory or a federally recognized tribal government applying directly to FEMA that has at least one (1) paid NFIP flood insurance claim submitted in the twelve months prior to the disaster incident start date or has at least one (1)...

Mandatory. Generally, the cost share/matching is at least 25% and can be up to 0% for eligible projects. Cost share is required for most applications and sub applications funded under this program. FEMA may contribute the federal cost share funding if available, as follows: A. Management Costs: The applicant's management cost is up to 10% of the aggregate of all total sub application budgets. Management costs are inclusive of the maximum set-aside, not in addition to it. B. Individual Flood Mitigation Projects Federal Cost Share Options and Definitions: 1. Up to 100% federal cost share funding for FMA-defined Severe Repetitive Loss (SRL) properties, as defined in 42 U.S.C. � 4104c(h)(3)(B)(i) or (B)(ii). 2. Up to 90% federal cost share funding for FMA-defined Repetitive Loss (RL) properties as defined in 42 U.S.C. � 4121(a)(7). 3. Up to 75% federal cost share funding if a higher...

Fiscal year 2025: Risk reduction activities that lessen the impact of disasters on people, and property. Individual Flood Mitigation Projects. Fiscal year 2026: Risk reduction activities that lessen the impact of disasters on people, and property. Risk-informed planning and prioritization of mitigation needs. Individual Flood Mitigation Projects and project scoping.