Communities across America can now apply for federal disaster mitigation grants to fund loss prevention projects that will protect their communities and their citizens from severe weather, and the National Association of Mutual Insurance Companies is calling on them to seize the opportunity.
“For the first time in history, the federal government is making a broad and significant investment to support state and local efforts to mitigate the effects of severe weather through the Building Resilient Infrastructure and Communities program,” said Jimi Grande, senior vice president of government affairs for NAMIC. “In the past few years, we’ve seen an increasing number of natural disasters, including hurricanes, wildfires, tornados, and derechos, that have caused greater damage and devastation. The BRIC program will help protect millions of Americans while arming communities with a significant number of new tools to prepare themselves for future disasters.”
The Federal Emergency Management Agency is releasing $500 million through the BRIC program to help support states, tribes, territories, and communities design and begin new mitigation projects and provide incentives to local governments to adopt and enforce modern building codes. The program was established by the Disaster Recovery Reform Act of 2018, which NAMIC championed throughout the legislative process. The BRIC program will continue to receive funding annually equal to a percentage of disaster recovery spending by FEMA, meaning that in the coming years billions of dollars will be able to support future projects. Grant applications will be open until Jan. 29, 2021, and FEMA will be scheduling forums and webinars in the coming weeks to respond to questions about BRIC, as well as continuing to provide resources in support of potential applicants.
“The DRRA is important for NAMIC because it brings a balance to federal disaster policy that has fallen into a cycle of destruction and rebuilding,” Grande said. “As insurers, NAMIC member companies know the most effective and efficient way to address a loss is to prevent it from happening. Studies have shown that every dollar spent on mitigation and more resilient construction can save up to eleven dollars in future losses, but support for mitigation has fallen by the wayside as more federal, state, and local funds are spent on recovery. With the BRIC program, we’ll be able to better protect communities from coast-to-coast by investing more wisely before catastrophes strike,” Grande said.
Article Posted: 10.01.20
Last Updated: 10.01.20