Fiscal Year 2024 Flood Mitigation Assistance
FEMA offers grants to states, tribes, and local governments to reduce flood damage to NFIP-insured properties in participating communities.
Funder: Department of Homeland Security - FEMA
Due Dates: April 18, 2025 | August 6, 2026
Funding Amounts: Up to $600 million total; localized flood risk reduction projects capped at $50 million/project; capability/capacity building up to $900,000/project; individual mitigation projects (no set cap).
Summary: Supports projects that reduce or eliminate repetitive flood damage to NFIP-insured buildings in participating communities.
Key Information: No cost share required for some activities; others have 75–100% federal cost share depending on project type and property status.
Description
This federal grant program makes 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). The program funds a variety of flood mitigation activities, including capability and capacity building, localized flood risk reduction projects, and individual flood mitigation projects. The primary goal is to reduce flood risk to NFIP policyholders and decrease the NFIP's financial exposure.
