Hazard Mitigation Assistance Initiatives Overview
Learn about Hazard Mitigation Assistance initiatives including SWIFT Flood Mitigation Assistance (SWIFT FMA) and the STORM Act. Discover eligible activities and insurance requirements for projects aimed at mitigating natural hazards in Louisiana. Stay informed about available funding and application periods for hazard mitigation programs.
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Presentation Transcript
Other Hazard Mitigation Assistance Initiatives SWIFT Flood Mitigation Assistance (SWIFT FMA) $40M made available to Louisiana for application in FY22 (inaugural year) 13 approvals to date for $20M Federal share Unknown when next application period will open, is disaster-dependent Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM Act) Revolving Loan Fund (RLF) FEMA will provide capitalization grants to eligible Applicants to establish revolving loan funds that provide low interest loans to local governments for projects that mitigate impacts from natural hazards. GOHSEP issued Public Notice March 10, 2023, seeking project proposals from local jurisdictions; ended April 21, 2023. The GOHSEP Intended Use Plan (IUP) draft was released for Public Comment on April 14, 2023; ended April 21, 2023. State application for the STORM RLF submitted to FEMA for $15m Federal share L-PDM: Congressionally Directed Spending; project proposals submitted to local Senator s office for consideration HMGP Competitive Funding DR-4611 (Ida) $25m set aside Open to all eligible subapplicants statewide NOI period has closed, with applications due to GOHSEP July 31, 2023
Hazard Mitigation, Eligible Activities HMGP/BRIC FMA Community drainage projects Retention/Detention Ponds Drainage canal improvements Community safe rooms Wind retrofit projects Mitigation Plan updates Generator projects Project Scoping Residential Elevation/Acquisition projects Residential elevation projects Residential acquisition projects Community drainage projects Retention/Detention Ponds Drainage canal improvements
HMA Insurance Requirements HMGP & BRIC: The property owner must obtain and maintain flood insurance for the life of the structure, regardless of transfer of ownership, in an amount at least equal to the project cost or to the maximum limit of coverage made available with respect to the mitigated property, whichever is less. FMA: All applicants and subapplicants must be participating in the NFIP, and not be withdrawn, on probation, or suspended. Structures identified in the subapplication must have an NFIP policy (including a Group Flood Insurance Policy [GFIP]) in effect prior to the opening of the application period and the policy must be maintained throughout the life of the structure, regardless of transfer of ownership of such property.
