1. Flood mitigation buyout-LARC - Laserfiche WebLink

J ~ ~~,~ oC~~~:_~ FEMA Mitigation Grant Programs BUILDING STRONGER AND SAFER The Federal Emergency Management Agency's (FEMA's) Mitigation Grant programs provide funding for eligible mitigation activities that reduce losses and protect life and property from future disaster damages. Currently, FEMA administers the Hazard Mitigation Grant Pro- gram, the Flood Mitigation Assistance Program, the Pre- Disaster Mitigation Program, the Repetitive Flood Claims Program, and the Severe Repetitive Loss Program. HAZARD MITIGATION-GRANT PROGRAM (HMGP) httg://vvww.fem a.gov/government/grant/hmgp/index Hazard Mitigation Grant Program (HMGP) funds are available following a Presidential disaster declaration. Eligible applicants include States, local governments, In- dian Tribal governments, and some private non-profit or- ganizations. Communities may apply for HMGP assis- tance on behalf of affected individuals and businesses, and all funds must be used to reduce or eliminate losses from future disasters. Examples of projects include: Mitigation Plan, the formula provides 1.5 percent of the first $2 billion of estimated aggregate amounts of disaster assistance; 10 percent for the next portion of amounts be- tween $2 billion and $10 billion; and 7.5 percent for the next portion of amounts between $10 billion and $35.333 billion. Grant applications are submitted to the State, which sets mitigation priorities and awards grants based on available funding and State criteria. FEMA conducts the final eligi- bility review to ensure that all projects are compliant with Federal regulations, including the Federal law that re- quires States and communities to have FEMA-approved mitigation plans in place prior to receipt of HMGP project funds. A mitigation plan must identify hazards, assess community needs, and describe acommunity-wide strat- egy for reducing risks associated with natural disasters. FLOOD MITIGATION ASSISTANCE PROGRAM (FMA) http://uvv~nv.fema. gov/government/grant/fma/index • Elevating flood-prone homes or businesses • Acquiring (and either demolishing or relocating) flood- prone homes from willing owners and returning the property to open space • Retrofitting buildings to minimize damage from high winds, flooding, earthquakes, and other hazards • Implementing minor flood control projects to protect critical facilities • Constructing safe rooms inside schools or other build- ings in tornado-prone areas HMGP funding is allocated using a."sliding scale" for- mulabased on the percentage of the funds spent on Public and Individual Assistance programs for each Presiden- tially-declared disaster. For States with a Standard State The Flood Mitigation Assistance (FMA) Program pro- vides funding to States and communities for measures that reduce or eliminate the long-term risk of flood damage to buildings, manufactured homes, and other structures in- sured under the National Flood Insurance Program (NFIP). The program provides grants for mitigation plan- ning and projects with a goal of reducing claims under the NFIP: • Planning grants are used to assess flood risks and develop Flood Mitigation Plans to reduce the risks. Project grants are used to implement mitigation ac- tivities that reduce flood losses to NFIP-insured prop- erties by elevating, acquiring, and demolishing or relo- cating NFIP-insured buildings. Project grants are avail- able to NFIP-participating communities that have a Flood Mitigation Plan in place. ~~"~~~ SPRING/SUMMER 2008 PAGE 1 ~; ~~~~ FEMA 4,. ~'~kU SE~"