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ActiveU.S. Department of Transportation (DOT) · 2026

Innovative Finance and Asset Concession Grant Program (IFACGP)

Quick Facts

Agency: U.S. Department of Transportation (DOT)
Funding: $1,550,000
Deadline: Check Source
Status: Active
Eligibility: Public entities (City of Philadelphia was an awardee).

About This Grant

Innovative Finance and Asset Concession Grant Program (IFACGP) is sponsored by U.S. Department of Transportation (DOT). The City of Philadelphia was awarded this grant to advance multimodal transportation through asset concession planning, including developing business plans for Indego Bikeshare stations, bus transit shelters, ADA-compliant curb ramps, and electric vehicle charging stations.

View Original RFP

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Official Opportunity Details

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

Opportunity Listing - Innovative Finance and Asset Concession (IFAC) Grant Program Innovative Finance and Asset Concession (IFAC) Grant Program Agency: 69A345 Office of the Under Secretary for Policy Assistance Listings: 20. 945 -- Asset Concessions and Innovative Finance Assistance Last Updated: August 12, 2025 View version history on Grants.

gov The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession (IFAC) Grant Program (the Program). Up to $45.

98 million will be awarded on a competitive basis to assist eligible public entities in facilitating and evaluating public-private partnerships and exploring opportunities for innovative financing and delivery for eligible transportation infrastructure projects, including highway, transit, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, airports, and transit-oriented development projects.

This notice will award funding from Fiscal Years 2024, 2025, and 2026. Eligible applicants for this Program are public entities that own, control, or maintain assets that could be developed into enhanced assets. Eligible assets are those activities that would reasonably be deemed eligible to receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan through the Bureau.

Special district governments City or township governments Federally recognized Native American tribal governments Grantor contact information File name Description Last updated IFAC_Key_Information_Table_Template. docx IFAC Key Information Table template Aug 12, 2025 08:12 PM UTC IFAC_Asset_Information_Table_Template. docx IFAC Asset Information Table template Aug 12, 2025 08:13 PM UTC IFAC_Grant_Program_NOFO_FY24-26.

pdf Innovative Finance and Asset Concession Grant Program NOFO Aug 25, 2025 02:39 PM UTC Link to additional information Archived: October 31, 2025 Funding opportunity number : Cost sharing or matching requirement : Funding instrument type : Opportunity Category Explanation : Category of Funding Activity :

Eligibility Requirements

Public entities (City of Philadelphia was an awardee).

Frequently Asked Questions

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

According to the current listing, eligibility includes: Public entities (City of Philadelphia was an awardee). Confirm the full requirements in the official notice before applying.

How much funding does Innovative Finance and Asset Concession Grant Program (IFACGP) offer?

The current listing shows $1,550,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.

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

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

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

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

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