The Michigan State Police, Emergency Management and Homeland Security Division is working to help local communities obtain low interest loans for projects designed to reduce risks from natural hazards and disasters.
Through the Safeguarding Tomorrow Revolving Loan Fund program, $150 million in federal funding is available in 2024.
The program, created by U.S. Senator Gary Peters’ Safeguarding Tomorrow Through Ongoing Risk Mitigation Act, allows the Federal Emergency Management Agency to work with states and tribal governments to establish low interest loan funds for disaster mitigation.
Projects designed to reduce disaster risks for homeowners, businesses, nonprofit organizations, and communities from the impact of natural hazards are eligible for this program and may include:
Drought and prolonged episodes of intense heat.
Severe storms, tornados, and extreme winter weather.
Flooding.
Zoning and land use planning changes.
And building code enforcement.
Communities interested in applying must complete the online project information form by April 12th.