FY 2005 Flood Mitigation Assistance Program
Program Information
The primary funding source for the National Flood Mitigation Fund (NFMF) is the National Flood Insurance Fund (NFIF). FMA funding is available at $20 million for State allocations for Planning, Project and Technical Assistance grants, and for administrative costs to support the FY 2005 FMA program. The allocation formula provides $110,000 base allocations to each State with surplus amounts allocated based on the total number of NFIP insurance policies and the total number of repetitive loss properties within each State/Territory. Repetitive Loss Properties are those that have experienced at least two (2) NFIP claim payments of over $1,000 each within any 10-year rolling period.
Priority: The FY 2005 FMA priority is to fund flood mitigation activities that reduce the number of repetitive loss structures currently insured by the NFIP, and specifically, on addressing target repetitive loss properties identified in FEMA's Repetitive Loss Strategy.
The FY 2005 FMA Program Guidance provide additional FY 2005 FMA program information. The FY 2005 FMA Program Guidance is available from the FEMA Library.
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Last Modified: Wednesday, 15-Apr-2009 10:01:54 EDT