Over the past few years, the frequency of extreme weather and climate-related disaster events with losses exceeding $1 billion has skyrocketed.
Millions of Americans feel the effects of these extreme events when their roads and schools flood, and hospitals lose power.
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The High Costs of Extreme Weather and Climate-Related DisastersĬlimate change is a major driver for the increased frequency, duration, and severity of extreme weather and climate-related disasters.
Through these investments, we will advance environmental justice and equity, reduce the vulnerability of communities to disasters, promote individual and community safety, strengthen our ability as a nation to adapt to changing conditions, and reduce the burdens these changes place on our first responders. It also supports the President’s Justice40 Initiative, which set a goal of delivering at least 40% of the overall benefits of Federal investments in climate and clean energy to disadvantaged communities. This agenda includes historic investments to make our aging infrastructure more resilient in the face of increasingly severe floods, wildfires, droughts, hurricanes, and other risks. These new funding opportunities support the President’s Build Back Better Agenda. $160 million in funding for its Flood Mitigation Assistance (FMA) grant program for Fiscal Year 2021 to reduce or eliminate the risks of repetitive flood damage to homes and buildings insured by the National Flood Insurance Program.The influx of funding will help communities prioritize mitigation needs for a more resilient future, including underserved communities that are often most vulnerable to the impacts of climate change. The 59 states, tribes, and territories that received a major disaster declaration in response to the COVID-19 pandemic will be eligible to receive 4% of the disaster costs related to their declaration to invest in mitigation projects that will help better prepare and protect communities from natural disasters and the impacts of climate change. $3.46 billion in funding for its Hazard Mitigation Grant Program (HMGP).This year, the Biden Administration is doubling the program’s funding and implementing a number of changes to enhance funding opportunities for tribes and disadvantaged communities, including by changing program selection criteria and providing a larger allocation for tribes. This new program, launched in 2020, provides grants to states, local communities, tribes, and territories to proactively reduce their vulnerability to natural hazard events before they occur, and make themselves and the nation more resilient. $1 billion in funding for its Building Resilient Infrastructure and Communities (BRIC) program for Fiscal Year 2021.In particular, FEMA is announcing the following: These programs will allow communities to apply for nearly $5 billion to increase their preparedness in advance of climate-related extreme weather events and other disasters, and improve their ability to recover after these events. Today, the Federal Emergency Management Agency (FEMA) is announcing three pre-disaster funding opportunities to help states and communities prepare for major disasters that are costing lives and livelihoods and devastating local communities and businesses. New Funding Opportunities Will Target Disadvantaged Communities While Creating Good-Paying Jobs
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