The Resilience Revolving Loan Fund Act would create a federal grant program administered by Federal Emergency Management Agency (FEMA) to provide states with revolving loans for projects intended to minimize the risks posed by disasters, including flooding and storm surge. A revolving fund would allow states to offer low-interest loans to counties and cities for disaster mitigation projects, with the repayment of the loans providing capital for future projects.

WHY WE LIKE IT

Once communities understand their risk, they need federal funding for smart investments. American Flood Coalition Action supports dedicated funding for pre-disaster mitigation projects to minimize the risk that flooding poses to our communities and economy. Until recently, funding for pre-disaster mitigation efforts at the FEMA often made up only a small sliver of the agency’s budget. Continuing to increase FEMA’s pre-disaster mitigation funding is an important part of the solution.

Read H.R.3779 online