title
PROPOSED GRANT AWARD
Department: Homeland Security and Emergency Management
Grantee: Homeland Security and Emergency Management
Grantor: Federal Emergency Management Agency
Request: Authorization to accept grant
Purpose: Flood Mitigation Assistance
Grant Amount: $1,677,592.19
Grant Period: 5/29/2015 - 10/30/2018
Fiscal Impact: N/A
Accounts: N/A
Concurrences:
Budget and Management Services has received all requisite documents, and determined the fiscal impact on Cook County, if any.
Summary: FEMA’s Flood Mitigation Assistance (FMA) grant aims to reduce or eliminate claims under the National Flood Insurance Program (NFIP). FMA provides funding to states, territories, federally-recognized tribes and local communities for projects and planning that reduces or eliminates long-term risk of flood damage to structures insured uner the NFIP. Specifically, with these grant funds, Cook County will acquire NFIP insured property with a high likelihood of flooding. FMA funding is also available for management costs.
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