TEMA Seeks Proposals for Low Interest Loan Funding for Mitigation Projects Due by April 28, 2024
The Tennessee Emergency Management Agency (TEMA) is working to help local governments obtain low interest loans (1 percent interest rate or less) to implement hazard mitigation projects designed to reduce risks from natural hazards and disasters.
TEMA is collecting this information as a prerequisite to applying for federal funding under the Safeguarding Tomorrow Revolving Loan Fund. Any local government who wishes to be considered for future loan opportunities if funding becomes available should complete the online Project Proposal Form.
Types of projects that could be funded through this program include, but are not limited to:
- Drainage/Stormwater
- Property Acquisition/Relocation
- Structural Retrofits/Hardening/Safe Spaces
- Infrastructure/Utility Protective Measures
- Engineering Studies/Risk Assessments
- Generators for Critical Facilities/Infrastructure
Submitted project proposals will be included within an Intended Use Plan that will be published on TEMA’s website for public review and comment by the end of April 2024.
Local governments interested in applying must complete the online Project Proposal Form by April 28, 2024.