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ActiveU.S. Department of Transportation, Build America Bureau · 2026

Innovative Finance and Asset Concession Grant Program (IFAC)

Quick Facts

Agency: U.S. Department of Transportation, Build America Bureau
Funding: See RFP
Deadline: Check Source
Status: Active
Eligibility: State, Tribal, or local governments; special purpose public authorities; or agencies chartered by a state, Tribal, or local government.

About This Grant

Innovative Finance and Asset Concession Grant Program (IFAC) is sponsored by U.S. Department of Transportation, Build America Bureau. The IFAC program provides funding to assist public entities in facilitating and evaluating public-private partnerships and exploring innovative financing and alternative delivery opportunities for Transportation Infrastructure Finance and Innovation Act (TIFIA) eligible projects.

View Original RFP

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Official Opportunity Details

Extracted from the official opportunity page/RFP to help you evaluate fit faster.

Innovative Finance and Asset Concession Grant Program | ASCE's 2025 Infrastructure Report Card Innovative Finance and Asset Concession Grant Program The Department of Transportation’s (DOT) Build America Bureau on March 11th announced a Notice of Funding Opportunity for the Innovative Finance and Asset Concession Grant Program.

Authorized by the Infrastructure Investment and Jobs Act (IIJA), the program provides grants to help public entities facilitate public-private partnerships (P3s) and explore innovative financing opportunities for Transportation Infrastructure Finance and Innovation Act (TIFIA)-eligible projects. This NOFO makes $57. 7 million available and offers two types of grants: Technical Assistance Grants and Expert Services Grants.

State, local, and tribal government agencies and special purpose public authorities are eligible to apply. Applications are due May 10th. The Build America Bureau plans to offer informational webinars on the grant program March 21.

Select your home state, and we'll let you know about upcoming legislation.

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Eligibility Requirements

State, Tribal, or local governments
special purpose public authorities
or agencies chartered by a state, Tribal, or local government.

Frequently Asked Questions

Who can apply for Innovative Finance and Asset Concession Grant Program (IFAC)?

According to the current listing, eligibility includes: State, Tribal, or local governments; special purpose public authorities; or agencies chartered by a state, Tribal, or local government. Confirm the full requirements in the official notice before applying.

Who funds Innovative Finance and Asset Concession Grant Program (IFAC)?

Innovative Finance and Asset Concession Grant Program (IFAC) is funded by U.S. Department of Transportation, Build America Bureau. Verify program details on the funder's official page before applying.

How do I apply for Innovative Finance and Asset Concession Grant Program (IFAC)?

Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.

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