RICHMOND, Va. (WFXR) — The Virginia Department of Conservation and Recreation (DCR) announced on Monday the release of a draft grant manual for the Community Flood Preparedness Fund.
DCR will be collecting public comment through May 12.
Virginia’s coastal and inland flood preparedness involves large-scale planning, data collection and analysis, and project design and implementation.
In 2020, Gov. Ralph Northam signed legislation that created the Virginia Community Flood Preparedness Fund, which authorizes a grant and loan program to assist Virginia communities impacted by recurrent flooding, sea-level rise and severe weather events.
“The grant manual released today is the first step toward providing significant financial support to Virginia communities to address the devastating impacts of recurrent flooding, which is being exacerbated by climate change. We look forward to reviewing the public comments on this draft, and opening our first grant round before summer.”Matthew J. Strickler, Secretary of Natural Resources and Chief Resilience Officer
The fund will be administered by DCR in cooperation with the Virginia Resources Authority.
It is capitalized by the sale of carbon emission allowances under the Regional Greenhouse Gas Initiative (RGGI), which Virginia joined in January. The fund will receive 45-percent of the proceeds from quarterly RGGI auctions. The January auction generated approximately $19.5 million for the fund.
DCR is proposing an initial grant round of $18 million. Funds that end up being unspent will be used for future grants.
View the grant manual below: