FEMA’s Flood Mitigation Assistance Program

The Federal Emergency Management Agency (FEMA)’s Flood Mitigation Assistance (FMA) program is a nationally competitive flood mitigation grant program that supports states, local communities, tribes, and territories. The FMA program provides funding to states, local communities, and tribes to reduce or eliminate the risk of repetitive flood damage to buildings insured by the National Flood Insurance Program (NFIP). FEMA will distribute up to $600 million through the FMA 2024 grant program as follows:

Capability and Capacity Building (C&CB) Activities

• $60M – Developed future Localized Flood Risk Reduction Projects and/or Individual Flood Mitigation Projects that will subsequently reduce flood claims against the NFIP. Example projects include: mitigation plans, technical assistance, and project scoping.

Localized Flood Risk Reduction Projects

• $420M (up to $50M per project) – Funds not allocated to eligible building code activities for each applicant will result in loss of funds. Example projects include: floodwater storage and diversion, stormwater management, and slope and soil stabilization activities.

Individual Flood Mitigation Projects

• $120M – These projects mitigate the risk of flooding to individual NFIP insured buildings. Example projects include: structure demolition, relocation, elevation, and acquisition.

Cost Share

Projects with Severe Repetitive Loss properties can be completed at no cost to the applicant, as they qualify for a 100 percent federal cost share. Projects with Repetitive Loss properties have a federal share of 90 percent, and all other projects have a cost share of 75 percent federal/25 percent non-federal of the eligible activity costs. The non-federal cost share may consist of cash, donated or third-party in-kind services, materials, or any combination thereof.

Applications

The application period opens on April 30, 2026, and closes on August 6, 2026. Interested sub-applicants should monitor their State’s Hazard Mitigation website for additional details, including Notice of Intent (NOI) or Letter of Interest (LOI) details, as the state-by-state deadlines may differ.

Hagerty Can Help

Ten percent of an applicant’s (five percent for sub-applicants) total project budget can be submitted for 100 percent federally reimbursed management costs, which can be used for application development. Therefore, our professionals can help at little to no additional cost.

Hagerty’s Mitigation Team members are experts in navigating the pre- and post-disaster funding world. We are available to discuss your needs, including how to access all available funding through federal grant programs. Our support can include:

• Developing a detailed Scope of Work (SOW) including the location, purpose, objectives, approach, feasibility, expected outcomes, and benefits of the activity.
• Drafting a work schedule for all tasks identified in the SOW.
• Composing a cost estimate and narrative that describes all anticipated costs associated with the SOW.
• Completing a well-documented Benefit Cost Analysis (BCA).
• Gathering and assessing sufficient information about potential impacts on environmental resources and/or historic properties in the project area.
• Accounting for other project considerations, including shovel readiness and duplication of funds.