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Archive date of October 31, 2025 indicates the opportunity has closed. Posted date was August 13, 2025.
Innovative Finance and Asset Concession (IFAC) Grant Program is sponsored by U.S. Department of Transportation. Administered by the Office of the Under Secretary for Policy via the Build America Bureau, this program provides technical assistance and expert services grants to public entities.
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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 :
According to the current listing, eligibility includes: Public entities that own, control, or maintain assets that could be developed into enhanced assets (e. g. , states, local governments, Tribal governments, and special purpose districts). Confirm the full requirements in the official notice before applying.
The current listing shows up to $2,000,000 per award. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Innovative Finance and Asset Concession (IFAC) Grant Program is funded by U.S. Department of Transportation. Verify program details on the funder's official page before applying.
Yes — this listing is flagged as national in scope, so applicants across the U.S. may apply, subject to the sponsor's other eligibility criteria.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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