The National Association of Mutual Insurance Companies today released The BRIC Pocket Guide to help communities design mitigation projects and best position themselves for funding from the federal Building Resilient Infrastructure and Communities Program.
“State, local, and tribal governments have an unprecedented opportunity to fund projects that will better protect the homes and businesses of their citizens and potentially save lives through the BRIC Program,” said Jimi Grande, senior vice president of government affairs for NAMIC. “Insurers have been leading the charge in pushing for federal policies that focus on mitigation and loss prevention, and now that the BRIC Program is providing significant amounts of new funding, we want to do everything we can to help communities get projects underway.”
The guide is designed to help focus community governments on assessing their risks, collaborating with others inside government and out, and making use of the numerous tools available to maximize a project’s effectiveness. The BRIC Program was created by the enactment of the Disaster Recovery Reform Act, following years of advocacy by NAMIC, including forming the BuildStrong Coalition. The program will award $500 million in grants this year in response to more than $5.5 billion in application requests and will see its funding double to provide $1 billion in grants in 2022.
“Even with the historic funding for the BRIC Program, there is a huge appetite around the nation for new resources that will fund risk-reducing projects and shield homes and communities in the face of extreme weather,” Grande said. “NAMIC and our partners with the BuildStrong Coalition created The BRIC Guide to help BRIC applicants at the state, local, and tribal levels plan their mitigation efforts and take steps that not only make them more attractive for BRIC dollars, but also better protectors of lives and property.”
Article Posted: 08.25.21
Last Updated: 08.25.21