Flood Mitigation Assistance Program
Forecasted
The Flood Mitigation Assistance Program supports communities with projects that reduce long-term flood risk to federally insured buildings, especially homes with repeated losses, to prevent damage and claims.
Funder: South Dakota Office of Emergency Management
Due Dates (Anticipated): August 2027 (application deadline)
Funding Amounts: Up to $600 million was available nationally for the FY 2024 opportunity
Summary: Competitive funding supports projects that reduce repeated flood damage to buildings insured by the National Flood Insurance Program.
Key Information: At least one building associated with the project must be insured by the NFIP.
Description
The Flood Mitigation Assistance (FMA) program funds cost-effective projects that reduce or eliminate long-term flood risk to buildings insured by the National Flood Insurance Program (NFIP). It emphasizes homes with repetitive loss or severe repetitive loss histories, aiming to prevent future damage and reduce claims against the NFIP. FEMA runs the competitive program and sets its application cycles; the South Dakota Office of Emergency Management (SD OEM) presents it among the state’s hazard mitigation resources.
FEMA considers an applicant’s project ranking, eligibility, and cost-effectiveness when selecting projects. Its competitive selections focus on insured buildings and structures in communities participating in the NFIP.
