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1 1 (November 16, 2021)

handle is hein.crs/goveevi0001 and id is 1 raw text is: Congressional x Research Service Recent Funding Increases for FEMA Hazard Mitigation Assistance Updated November 16, 2021 Introduction The Federal Emergency Management Agency (FEMA) recently announced that $3.46 billion in Hazard Mitigation Grant Program funding (HMGP) will be made available to states, territories, and tribes (STTs) with major disaster declarations for the COVID-19 pandemic. FEMA also announced increased funding for the Building Resilient Infrastructure and Communities (BRIC) program for FY2021. In addition, significant new mitigation funding will be available from FY2022 through the Infrastructure Investment and Jobs Act (IIJA). The Infrastructure Investment and Jobs Act The IIJA appropriates $3.5 billion for the Flood Mitigation Assistance Grant Program (FMA), with $700 million for each of FY2022 to FY2026, and provides a 90% federal cost share for a property: (1) that is located in a census tract with a CDC Social Vulnerability Index score of not less than 0.5001; or (2) that serves as a primary residence for individuals with a household income of not more than 100% of the applicable area median income. This represents the first time that funding has been appropriated for FMA, which has previously been funded by NFIP policyholders. The IIJA appropriates $1 billion for BRIC, with $200 million in each of FY2022-FY2026. This funding is in addition to the 6% set-aside. The IIJAalso appropriates $500 million, with $100 million in each of FY2022-FY2026, to establish state revolving loan funds for hazard mitigation, which were authorized by the STORM Act. Congressional Research Service https://crsreports.congress.gov IN11733 CRS INSIGHT Prepared for Membersand Committeesof Congress-

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