FEMA Announces $600 Million to Help Communities Reduce Flood Risk

Mitigation activities save lives and reduce the cost of future disasters

WASHINGTON -- Today, the Federal Emergency Management Agency (FEMA) announced a new $600 million funding opportunity for states, territories and Tribal Nations to make their communities safer from flooding.

FEMA is making this funding available through the Fiscal Year 2026 Flood Mitigation Assistance Swift Current funding opportunity. This program was specifically designed to expedite funding to states, territories and Tribal Nations that recently experienced a severe flooding disaster. Because floods are the most common and costly type of natural disaster, this funding is critical for communities across the country.

"Under President Trump's leadership, we are cutting red tape to make the federal government work better for the American people," said the Senior Official Performing the Duties of the FEMA Administrator, Robert Fenton. "As part of that broader effort, FEMA is returning critical decisions to local communities. The funding announced today ensures prudent use of taxpayer dollars while empowering communities to make life-saving investments for their future."

FEMA's Flood Mitigation Assistance Swift Current program funds community-led projects to reduce or eliminate the risk of repetitive flood damage to structures and buildings insured by the National Flood Insurance Program. This grant is made available after a Presidentially declared emergency or major flood-related disasters. This new funding opportunity includes programmatic changes aimed at reducing the administrative burden and hurdles on applicants and expediting the delivery of funding, such as removing project scoping activities as an eligible project type and allowing the consolidation of activation application periods when multiple qualifying disasters occur during this funding opportunity cycle.

Application deadlines vary. States, tribes or territories must have received a flood-related emergency or major disaster declaration between June 1, 2025, and May 31, 2027, in order to be eligible for the funding opportunity. For each qualifying flood event, FEMA will provide a deadline to eligible applicants. Local governments interested in this funding opportunity should contact their State Hazard Mitigation Officer.

Comprehensive information on the Flood Mitigation Assistance Swift Current funding opportunity--including eligibility criteria, application deadlines, cost-share and other essential details-is available online at Grants.gov.