The Fiscal Year 2024 Flood Mitigation Assistance (FMA) Swift Current grant program, administered by the Department of Homeland Security (DHS) through the Federal Emergency Management Agency (FEMA), is designed to enhance flood resilience in communities participating in the National Flood Insurance Program (NFIP). This program specifically addresses the immediate need for flood mitigation funding following a flood disaster, supporting efforts to reduce or eliminate flood risks and repetitive damage to insured structures. By streamlining access to funding, Swift Current aims to expedite the implementation of flood mitigation strategies that protect residents, businesses, and critical infrastructure.

The purpose of the FMA Swift Current grant is to reduce the impacts of flood-related disasters on communities by funding eligible mitigation projects. These projects must align with the program’s goal of increasing resilience against flood hazards, particularly in the context of climate change. Eligible activities include, but are not limited to, floodproofing, infrastructure elevation, relocation, and property acquisition or demolition. Funding is intended to support both acute disaster recovery and long-term community adaptation strategies.

The total estimated program funding available under this opportunity is $500 million. A cost-sharing or matching requirement applies, meaning applicants must provide a financial contribution toward the total cost of their proposed projects. The number of awards to be distributed has not been specified, and there are no stated award ceilings or floors for individual grants. However, funding tiers may be adjusted based on flood insurance claims activity. The program recognizes the increasing frequency and severity of flood events and is structured to provide financial assistance based on need.

Eligible applicants for the FMA Swift Current program include state governments, federally recognized Native American tribal governments, U.S. territories, and the District of Columbia. These applicants must be within NFIP-participating communities and must demonstrate how their proposed mitigation activities align with the program’s objectives. FEMA emphasizes that funding will prioritize projects that support equity, climate adaptation, and resilience. Local governments may be eligible for funding through their respective states or tribal governments.

Applications for this funding opportunity must be submitted through the FEMA Grants Outcomes (GO) system, available at https://go.fema.gov/. The application process requires detailed information on proposed mitigation strategies, cost estimates, expected outcomes, and alignment with federal flood risk management standards. Amendments to this funding opportunity may include changes in funding amounts, eligibility criteria, or technical requirements.

The deadline to submit applications is January 15, 2026, with no indication that the grant will be offered on a recurring basis. The last update to this funding opportunity was made on December 5, 2024, which included modifications to available funding, funding tiers, and compliance requirements under the Federal Flood Risk Management Standard. Interested applicants are encouraged to review the program details thoroughly and reach out to FEMA’s GO Help Desk at femago@fema.dhs.gov or call 1-877-585-3242 for additional guidance.