Safeguarding tomorrow revolving loan fund program

The Federal Emergency Management Agency (FEMA) awarded a $6,576,543 Project Grant under the Safeguarding Tomorrow Revolving Loan Fund (CFDA 97.139) program to the Maryland Department of Emergency Management (MDEM) on April 15, 2024. The grant will provide capitalization funding for MDEM to establish a revolving loan fund that offers low-interest loans to local governments in Maryland for hazard mitigation projects. These projects are designed to reduce risks from natural disasters and environmental threats, such as wildfires, floods, severe storms, and earthquakes. The revolving loan fund supports infrastructure modifications, community resilience initiatives, and other mitigation efforts that minimize potential harm from these events. MDEM will work closely with local jurisdictions, nonprofits, and other state agencies to implement comprehensive emergency management programs and deliver these hazard mitigation services across the state.