Safeguarding tomorrow revolving loan fund program

The Federal Emergency Management Agency awarded $7 million to the Tennessee Emergency Management Agency on August 6, 2026, under the Safeguarding Tomorrow Revolving Loan Fund Program (CFDA 97.139) to establish a revolving loan fund that provides hazard mitigation assistance to local governments to reduce risks from disasters and natural hazards. The award funds capitalization of the revolving loan mechanism, enabling ongoing lending cycles to support community resilience infrastructure and disaster risk reduction projects across Tennessee. The recipient, TEMA, is a state-level emergency management entity headquartered in Nashville. Performance occurs in Melrose, Tennessee through August 6, 2028. TEMA will administer the revolving fund to make loans available to eligible local government entities throughout the state for hazard mitigation initiatives, with loan repayments cycling back into the fund to support additional recipients over time.