May 2022 - Parks & Recreation - 20

ADVOCACY
STORM grants differ from traditional
FEMA grants in that they allow local
governments to invest in mitigation
infrastructure and can reach communities
much faster than previous loan programs.
STORM Act: New Federal
Funding for Resilience
By Kyle Simpson
T
he Safeguarding Tomorrow through Ongoing Risk Mitigation
(STORM) Act was signed into law on January 1, 2021, following
a bipartisan " voice vote " in both the House and Senate in
December 2020. The legislation creates a resilience-revolving
loan fund, similar in many ways to the highly successful Clean Water and
Drinking Water State Revolving Funds, which provide low-interest financing
for water infrastructure projects in communities.
While this vital resiliency program
was established on the first
day of 2021, it did not actually receive
any funding, and rather was
reliant on the annual federal appropriations
process. With the past
year's stalemate surrounding passage
of a spending bill for fiscal year
2022, the program continued to go
unfunded. However, the November
15, 2021 passage of the Infrastructure
Investment and Jobs Act, now
known alternately as the Bipartisan
20 Parks & Recreation | MAY 2 0 22 | PARK S ANDRECRE AT ION . OR G
Infrastructure Law (BIL), brought
a $500 million appropriation of
funds to the STORM program.
Under the new program, funds will
flow from the Federal Emergency
Management
Agency
(FEMA)
to state, tribal and territorial
governments, which will then
provide loans to local governments.
Communities will use the loan
funding to carry out new projects
to mitigate against any potential
future event deemed by FEMA as
" catastrophic, " such as storm surges,
flooding, earthquakes or wildfires.
The specifics of the grants include:
individual project funding up to $5
million; interest rates not to exceed 1
percent; and repayment terms up to 20
years after project completion, or up
to 30 years for projects benefiting lowincome
communities. The application
process will prioritize applications
for projects that increase resilience of
natural and built infrastructure.
Ideally, these low-interest loans
will be paid off with savings from
the mitigation efforts, as costly disaster
response projects will be less
imperative due to the pre-emptive
resilience efforts. Industry studies
support this savings concept, with
the National Institute of Building
Sciences reporting a total of $6
saved in disaster response for every
$1 spent on mitigation efforts.
STORM grants
differ
from
traditional FEMA grants in that
they allow local governments to
invest in mitigation infrastructure

May 2022 - Parks & Recreation

Table of Contents for the Digital Edition of May 2022 - Parks & Recreation

May 2022 - Parks & Recreation - Intro
May 2022 - Parks & Recreation - Cover1
May 2022 - Parks & Recreation - Cover2
May 2022 - Parks & Recreation - 1
May 2022 - Parks & Recreation - 2
May 2022 - Parks & Recreation - 3
May 2022 - Parks & Recreation - 4
May 2022 - Parks & Recreation - 5
May 2022 - Parks & Recreation - 6
May 2022 - Parks & Recreation - 7
May 2022 - Parks & Recreation - 8
May 2022 - Parks & Recreation - 8a
May 2022 - Parks & Recreation - 8b
May 2022 - Parks & Recreation - 9
May 2022 - Parks & Recreation - 10
May 2022 - Parks & Recreation - 11
May 2022 - Parks & Recreation - 12
May 2022 - Parks & Recreation - 13
May 2022 - Parks & Recreation - 14
May 2022 - Parks & Recreation - 15
May 2022 - Parks & Recreation - 16
May 2022 - Parks & Recreation - 17
May 2022 - Parks & Recreation - 18
May 2022 - Parks & Recreation - 19
May 2022 - Parks & Recreation - 20
May 2022 - Parks & Recreation - 21
May 2022 - Parks & Recreation - 22
May 2022 - Parks & Recreation - 23
May 2022 - Parks & Recreation - 24
May 2022 - Parks & Recreation - 25
May 2022 - Parks & Recreation - 26
May 2022 - Parks & Recreation - 27
May 2022 - Parks & Recreation - 28
May 2022 - Parks & Recreation - 29
May 2022 - Parks & Recreation - 30
May 2022 - Parks & Recreation - 31
May 2022 - Parks & Recreation - 32
May 2022 - Parks & Recreation - 33
May 2022 - Parks & Recreation - 34
May 2022 - Parks & Recreation - 35
May 2022 - Parks & Recreation - 36
May 2022 - Parks & Recreation - 37
May 2022 - Parks & Recreation - 38
May 2022 - Parks & Recreation - 39
May 2022 - Parks & Recreation - 40
May 2022 - Parks & Recreation - 41
May 2022 - Parks & Recreation - 42
May 2022 - Parks & Recreation - 43
May 2022 - Parks & Recreation - 44
May 2022 - Parks & Recreation - 45
May 2022 - Parks & Recreation - 46
May 2022 - Parks & Recreation - 47
May 2022 - Parks & Recreation - 48
May 2022 - Parks & Recreation - 49
May 2022 - Parks & Recreation - 50
May 2022 - Parks & Recreation - 51
May 2022 - Parks & Recreation - 52
May 2022 - Parks & Recreation - 53
May 2022 - Parks & Recreation - 54
May 2022 - Parks & Recreation - 55
May 2022 - Parks & Recreation - 56
May 2022 - Parks & Recreation - Cover3
May 2022 - Parks & Recreation - Cover4
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