Safeguarding Tomorrow Revolving Loan Fund Program

The Safeguarding Tomorrow RLF assistance listing describes Federal financial assistance to establish capitalization grants that eligible states, territories, and tribal governments can use to establish revolving loan funds to provide loans to eligible regional, local, and non-profit entities for activities designed to reduce risks from disasters, natural hazards and other related environmental harm. Eligible grantees include states, the District of Columbia, and Puerto Rico. In addition, Indian Tribal Governments are eligible if they have received a major disaster declaration under the Stafford Act within the five-year period ending January 1, 2021. Insular Areas, including Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and the United States Virgin Islands, may also be eligible for a capitalization grant from any amount remaining under the apportionment clause (Section 205(d)).

Entities must provide an application with local government hazard mitigation project proposals and an Intended Use Plan. The Intended Use Plan:
 Identifies the intended uses of the entity loan fund and how the loan fund will be administered
 Advises how the loan fund will be disbursed
 Advises the financial status of the fund
 Advises the expected terms of assistance
 Provides assurances that a Loan Fund will be established prior to grant award

Assistance provided under the Safeguarding Tomorrow RLF is subject to a non-Federal cost-sharing requirement of not less than 10 percent. Federal funding is available for up to 90 percent of the requested capitalization grant amount. The remaining 10 percent of the capitalization grant amount must be derived from non-federal sources, or the federal grant amount will be reduced until the non-federal share provided by the Entity is equal to 10-percent.