Safeguarding tomorrow revolving loan fund program

The Federal Emergency Management Agency Headquarters Financial Assistance Awards awarded the State of Michigan Emergency Management & Homeland Security Division $17,391,282 on August 4, 2026, under the Safeguarding Tomorrow Revolving Loan Fund Program (CFDA 97.139). The Safeguarding Tomorrow Revolving Loan Fund Program provides capitalization grants to eligible entities to establish revolving loan funds that deliver hazard mitigation assistance to local governments to reduce risks from disasters and natural hazards. The award funds the establishment and operation of a revolving loan fund mechanism through which Michigan will extend hazard mitigation financing to eligible local governments across the state. The State of Michigan Emergency Management & Homeland Security Division, a child division of the Michigan Department of State Police, serves as the prime recipient and administers the fund as a pass-through entity. Performance runs through August 3, 2028, with administrative and operational oversight from Lansing, Michigan. The assistance type is a Project Grant.