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Find similar grantsResilient Maryland Revolving Loan Fund (RLF) is sponsored by Maryland Department of Emergency Management. This program offers low-interest loans to local governments in Maryland to finance projects and activities that mitigate the effects of natural hazards.
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Resilient MD Revolving Loans Accessibility Information Resilient MD Revolving Loans The Resilient Maryland Revolving Loan Fund (RLF) is a program that offers low-interest loans (no more than 1%) to local governments to help finance projects and activities that mitigate the effects of natural hazards.
Local governments can take out RLF loans on behalf of: This year's Intended Use Plan and Project Proposal List are provided below for your review, and you can use the following link to view the latest Public Notice for this program. Please send any comments to [email protected] by May 31st for review and consultation.
I am Interested in Applying for a Loan Frequently Asked Questions In this section, you'll find more information on other aspects of the RLF program. What can I fund with RLF Loans?
Primarily, RLF funds are used for increasing resilience and mitigating the effects of disasters, including (but not limited to): Severe storms & storm surges High water levels and/or shoreline erosion However, they may also be used to finance: Wildland-urban interface management Reconnection of floodplain & open space projects Zoning & land use planning Satisfying a local government's non-federal cost share requirement for hazard mitigation grants (e.g., Hazard Mitigation Grant Program [HMGP], Flood Mitigation Assistance [FMA], or Building Resilient Infrastructure and Communities [BRIC] programs) Why should I consider RLF Loans?
There is a wide assortment of available funding in the world of emergency management, but unlike many others, RLF loans stand out because: A presidential disaster declaration is not required in order to be eligible for the loan. Participation in the National Flood Insurance Program is not required, either!
They can be put towards the non-federal cost share of hazard mitigation grants, expanding the ability of communities to access even larger funding sources. They're designed to be accessible to Maryland's underserved communities. (We have a goal that at least 40% of the loans will go to underserved recipients.)
They prioritize access to mitigation projects, which have been shown to save $6 in future recovery costs for every $1 spent on them, on average. Where does the money come from? Maryland's Revolving Loan Fund was founded via the Safeguarding Tomorrow Through Ongoing Risk Mitigation (STORM) Act, which is an amendment to the Robert T.
Stafford Disaster Relief and Emergency Act. In 2021, the Maryland legislature utilized STORM Act funding to establish the Resilient Maryland Revolving Loan Fund under MDEM's management. I still have questions - who should I contact?
you're interested in the Revolving Loan Fund and want to learn more about it, the application process, or any other aspect of the program, And if you're interested in applying, don't forget to let us know about your interest by clicking here. Cover image via Wikimedia Commons We're available on the following channels. ensures HTML content is downloaded and parsed first.
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According to the current listing, eligibility includes: Local governments in Maryland. Local governments can apply on behalf of homeowners, businesses, nonprofit organizations, and communities. Confirm the full requirements in the official notice before applying.
Resilient Maryland Revolving Loan Fund (RLF) is funded by Maryland Department of Emergency Management. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maryland. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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