Swift Current Program
The Swift Current Program from Oklahoma Department of Emergency Management and Homeland Security funds rapid, evidence-based flood mitigation for NFIP-insured, flood-damaged Oklahoma properties.
Funder: Oklahoma Department of Emergency Management and Homeland Security
Due Dates: October 16, 2026 (OEM subapplication deadline) | October 30, 2026 (FEMA application deadline)
Funding Amounts: Up to $10 million available for Oklahoma communities; individual project awards variable, with a maximum set-aside up to $40 million nationally; federal cost share up to 100% for eligible properties; 36-month project period.
Summary: Provides rapid federal funding to mitigate flood risk for NFIP-insured, flood-damaged Oklahoma properties after qualifying disasters.
Key Information: Only NFIP-insured properties are eligible; local governments and tribes must submit through OEM.
Description
The Swift Current Program, managed by the Oklahoma Department of Emergency Management and Homeland Security (OEM), is part of FEMA’s Flood Mitigation Assistance (FMA) initiative. It is designed to help Oklahoma communities quickly reduce flood risk after eligible flood-related disasters by providing federal funding for individual flood mitigation projects. The program targets properties insured under the National Flood Insurance Program (NFIP) that have experienced repetitive loss, severe repetitive loss, or substantial damage due to flooding. Eligible activities include acquisition and demolition of flood-prone structures, elevation of homes, mitigation reconstruction, dry floodproofing for non-residential buildings, and project scoping. The program aims to expedite the delivery of mitigation resources following qualifying flood events, reducing future flood damage and recovery costs.
