State to Begin Funding Flood Mitigation Priorities with $1.2 Billion Line of Credit

Photo courtesy of MGN Online

The U.S. Department of Housing and Urban Development signed a grant agreement with the state, establishing a $1.2 billion line of credit in Community Development Block Grant Mitigation funds.

Posted: Sep 17, 2020 4:00 PM

Baton Rouge — The U.S. Department of Housing and Urban Development signed a grant agreement with the state, establishing a $1.2 billion line of credit in Community Development Block Grant Mitigation funds. This agreement means the state can begin funding vital flood protection efforts consistent with the state’s Action Plan that HUD approved Feb. 20.
“This agreement marks a major milestone in our mission to create a more resilient Louisiana, which is especially relevant given the severe storm impacts from Hurricane Laura,” Gov. John Bel Edwards said. “Since the devastating 2016 floods, we have worked diligently to build a statewide framework for reducing flood risk, which we have now with the Louisiana Watershed Initiative. We are prepared to begin spending these long-awaited funds on programs and projects that address some of our state’s most immediate flood mitigation priorities, as well as provide us the tools we need for a more resilient future.”
The state’s Action Plan for the $1.2 billion grant details its approach to spending the funds on projects, data collection, watershed modeling and policy measures that align with the Louisiana Watershed Initiative's long-term resilience objectives. It includes an initial $100 million funding opportunity for local and regional projects that are implementation-ready and will address immediate flood mitigation needs throughout Louisiana. The state and its watershed regions will select and award funding for these projects this winter.
“The work we’ve done since 2016, along with our approved Action Plan and grant agreement, provide a clear roadmap for using these funds, working in partnership with HUD and other local, state and federal agencies,” Gov. Edwards said.
In addition to allocating $100 million for implementation-ready flood mitigation projects, the state recently initiated comprehensive statewide watershed modeling efforts and is working with local and regional partners to develop flood risk reduction strategies specific to each of the state’s watershed regions.
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