FP-108-024-02: Ecosystem Service Benefits in Benefit-Cost Analysis for FEMA’s Mitigation Programs Policy

FP-108-024-02: Ecosystem Service Benefits in Benefit-Cost Analysis for FEMA’s Mitigation Programs Policy

FEMA has shared FP-108-024-02: Ecosystem Service Benefits in Benefit-Cost Analysis for FEMA’s Mitigation Programs Policy – that allows for ecosystem service benefits to be included in a mitigation project’s Benefit Cost Analysis (BCA) regardless of the Benefit-Cost Ratio (BCR). Previous policy limited the use of these benefits to projects meeting a .75 BCR.

With this new policy, ecosystem service benefits can be used for all project types eligible under the Hazard Mitigation Assistance (HMA) and PA 406 mitigation programs that support the incorporation of ecosystem service benefits and result in the improvement of the natural environment.  Applicants will be able to take advantage of the new policy as part of the BRIC application.

FEMA hopes this new policy will encourage more nature-based solutions to be included in mitigation projects by removing barriers for the use of ecosystem service benefits in a project.

A fact sheet has been scheduled for release but any questions on this new policy can be directed to fema-hma-grants-policy@fema.dhs.gov  You can find the policy on the main HMA policy webpage here.