FY 2024 RAISE Notice of Funding Opportunity - $1.5 Billion Available
U.S. Department of Transportation sent this bulletin at 11/30/2023 04:39 PM EST |
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FY 2024 RAISE Notice of Funding Opportunity: $1.5 Billion Available
Applications Due February 28th
The U.S. Department of Transportation has published a Notice of Funding Opportunity (NOFO) for $1.5 billion in grant funding through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) discretionary grant program for 2024.
RAISE projects are rigorously reviewed and evaluated on statutory criteria of safety, environmental sustainability, quality of life, mobility and community connectivity, economic competitiveness and opportunity, state of good repair, partnership and collaboration, and innovation.
The NOFO is available HERE. The deadline for applications is 11:59 PM EST on February 28, 2024. Award announcements are expected no later than June 2024.
The FY 2024 RAISE program requirements and competitive selection criteria are described in the NOFO. Applicants who are planning to re-apply for the RAISE program using materials prepared for prior competitions should ensure that their FY 2024 RAISE application fully addresses the criteria and considerations described in the NOFO, that all relevant information is current, and that the 2024 application is submitted in the proper format.
Half of the funding will go to projects in rural areas, and half of the funding will go to projects in urban areas. Projects located in rural areas are eligible for up to 100 percent federal cost share.
At least $15 million in funding is guaranteed to go towards projects located in Areas of Persistent Poverty or Historically Disadvantaged Communities, and projects located in these areas are also eligible for up to 100 percent federal cost share.
The RAISE program funds both capital and planning grants. The minimum award amount for a capital grant in an urban area is $5 million, and $1 million in a rural area. There is no minimum award size for planning grants. The maximum award for any grant is $25 million.
This NOFO reflects the funding and provisions specified in the Bipartisan Infrastructure Law. If the FY 2024 Appropriations Act impacts requirements for the RAISE Grant program, including the amounts available for any categories of awards, the Department will amend the NOFO with guidance on those impacts.
Helpful resources for applicants:
Applicants are encouraged to review these resources in addition to the full NOFO, and may reach out to RAISEgrants@dot.gov if there are questions.
In 2023, RAISE funded 162 projects in all 50 states, the District of Columbia, Puerto Rico, and the Northern Mariana Islands. A full list of 2023 awarded projects can be found HERE.
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