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 through FMA Swift Current are funded with funds appropriated by the Department of Homeland Security Appropriations Act, 2024, Pub. L. No. 118-47; and Division J, Title V of the IIJA, Pub. L. No. 117-58, 135 Stat. 1387–1388 (2021). FMA Swift Current aims to better align the delivery of FMA flood mitigation funding to the disaster survivor experience. Funds will be made available on a rolling basis to states, territories, and federally recognized tribal governments that receive a major disaster declaration for a flood-related disaster event and meet all other eligibility criteria. FMA Swift Current aims to streamline funding through disaster declaration and flood insurance claims-based eligibility criteria, minimized application periods, and narrowed project type eligibility to Individual Flood Mitigation Projects that are Severe Repetitive Loss (SRL), Repetitive Loss (RL), and Substantially Damaged (SD). This differs from the FMA grant opportunity, which has an annual grant cycle that funds a broader range of flood mitigation activities, which includes Capability and Capacity Building Activities, Localized Flood Risk Reduction Projects, and Individual Flood Mitigation Projects through a competitive selection process.