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Safeguarding Tomorrow through Ongoing Risk Mitigation Revolving Loan Fund Program

The STORM Act authorizes FEMA to provide capitalization grants to states, eligible federally recognized tribes, territories and the District of Columbia to establish revolving loan funds that provide hazard mitigation assistance for local governments to reduce risks from natural hazards and disasters. These low interest loans will allow jurisdictions to reduce vulnerability to natural disasters, foster greater community resilience and reduce disaster suffering.

Eligibility

Eligible applicants include states, local governments, Federally recognized Tribes that received a major disaster declaration (currently, this includes 20 Tribes), Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and the District of Columbia.

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