Safeguarding Tomorrow Revolving Loan Fund Resource Page

PUBLIC NOTICE: Project Proposal List for the Safeguarding Tomorrow Revolving Loan Fund Program

After significant flooding in Vermont in 2023, Vermont Emergency Management (VEM) received nearly $400 million in potential hazard mitigation projects on the pre-application form due in August 2024. Given the need for funding identified through this process, VEM, in partnership with the Bond Bank, has decided to pursue funding through a hazard mitigation revolving loan fund, which would allow for lending to complete adaptation projects to reduce future flood risk, including upsizing bridges and culverts, and other community flood reduction work. 

To accelerate our application, a project list was developed to illustrate the types of projects that could be eligible for this loan funding, as submitted for hazard mitigation grants through the pre-application form process. These specific projects may still be eligible for grant funding, the list is intended to illustrate the potential need for additional loan-based financing. Participation in the revolving loan fund is voluntary, and a funding announcement will be shared if Vermont successfully receives this funding through FEMA. 

If you have comments on the project proposal list, please contact Nicole Lee from the Bond Bank: nicole@vtbondagency.org. The public comment period is 6 weeks, and comments will be accepted until Friday, June 27, 2025.