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Federal gov grants Louisiana $1.2 billion line of credit for flood mitigation projects

1 month 1 week 13 hours ago Friday, September 18 2020 Sep 18, 2020 September 18, 2020 6:37 AM September 18, 2020 in News
Source: WBRZ
Flooding in Terrebonne Parish

BATON ROUGE — Governor John Bel Edwards' office announced Thursday that a new grant agreement with the federal government will fund vital flood protection efforts in Louisiana.  

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, a press release from the Governor's office explained.

“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.

For more information, click here. 

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