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New Mexico Floodplain Managers Association
PO Box 1235, Las Cruces NM 88004

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FEMA Streamlines Benefit-Cost Analysis in Hazard M
By Nicole M Friedt, CFM
Posted: 2024-05-15T16:12:05Z

FEMA Streamlines Benefit-Cost Analysis in Hazard Mitigation Grant Programs

 

FEMA has reduced the discount rate from 7% to 3.1% to make it easier for states, Tribal Nations, territories, and local governments to demonstrate cost-effectiveness of hazard mitigation projects when completing a Benefit Cost Analysis. It will also no longer require a full BCA for projects with a total cost of less than $1 million. Read more on ASFPM's News & Views.




Tagged as ASFPM