FEMA Announces $400 Million in Flood Mitigation Assistance Funding for Fiscal Year 2026
The Federal Emergency Management Agency (FEMA) has announced the availability of up to $400 million in funding for its Flood Mitigation Assistance (FMA) program for fiscal year 2026. This federal funding aims to reduce flood risk for policyholders and decrease the financial exposure of the National Flood Insurance Program (NFIP). The funding is allocated across several categories: $20 million for capability and capacity building activities, $260 million for localized flood risk reduction projects, and $120 million for individual flood mitigation projects. Eligible sub-applicants, including local governments, cities, townships, counties, special district governments, state agencies, and federally recognized Tribal Nations, must be participating in the NFIP and not be withdrawn, on probation, or suspended. The Pennsylvania Emergency Management Agency (PEMA) is receiving Letters of Interest until December 4, with completed applications due by January 15, 2027, after PEMA approval.