Specifications include, but are not limited to: FMA is authorized by Section 1366 of the National Flood Insurance Act of 1968, as amended (NFIA), 42 U.S.C. 4104c, with the goal of reducing or eliminating claims under the National Flood Insurance Program (NFIP). FMA was created as part of the National Flood Insurance Reform Act (NFIRA) of 1994. The Biggert-Waters Flood Insurance Reform Act of 2012 (Public Law 112- 141) consolidated the Repetitive Flood Claims and Severe Repetitive Loss grant programs into FMA. The HMA programs require applicants to complete a Benefit-Cost Analysis (BCA) using FEMA’s BCA Toolkit 6.0. BCA is a method that determines the future risk reduction benefits of a hazard mitigation project and compares those benefits to its costs. The result is a Benefit-Cost Ratio (BCR). A project is considered cost-effective when the BCR is 1.0 or greater. Applicants and subapplicants must use FEMA-approved methodologies and tools—such as the BCA Toolkit 6.0—to demonstrate the cost-effectiveness of their projects. This RFP would encompass all post-disaster, post-fire, and non-disaster grants: Hazard Mitigation Grant Program (HMGP), Hazard Mitigation Grant Program-Post Fire (HMGP-PF), Building Resilient Infrastructure and Communities (BRIC) Flood Mitigation Assistance (FMA), and Congressional Directed Spending (CDS) Earmarks
