FEMA Obligates Over $10M Through Swift Current Initiative

FEMA has obligated $10.28 million in flood resilience projects through the Flood Mitigation Assistance Swift Current initiative. This is the first FEMA initiative funded through President Biden’s Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law.

The initiative allocates a total of $60 million to Louisiana, Mississippi, New Jersey and Pennsylvania—all states affected by Hurricane Ida—to equitably expedite mitigation grants to disaster survivors with repetitively flooded homes. The application period opened April 1, and by Aug. 1, the funding requested exceeded the amount made available through the Swift Current Initiative by over $9 million. FEMA continues to review all other subapplications submitted to the Flood Mitigation Assistance Swift Current initiative and will announce further selections in the upcoming months.

Selections include acquiring 31 flood-prone properties in New Jersey and converting land to open space while two properties in Louisiana will be reconstructed to better withstand flooding. More information about these and other selections is available on FEMA.gov.

Swift Current seeks to substantially speed up the award of Flood Mitigation Assistance funding after a flooding event and reduce the complexity of the application process. Its goal is to obligate flood mitigation dollars for repetitively and substantially flood damaged properties insured through the National Flood Insurance Program as quickly and equitably as possible after a disaster event.

The program recognizes the growing flood hazards associated with climate change, and of the need for flood hazard risk mitigation activities that promote climate adaptation, equity and resilience to flooding. These hazards are expected to increase in frequency and intensity.