In a move to bolster Gulf Coast restoration and stimulate economic growth, the U.S. Department of Treasury has introduced the RESTORE Act Direct Component Grants. This initiative, outlined in Funding Opportunity Number GR-RDC-24-002, aims to support a variety of activities, including environmental restoration projects and construction efforts, without imposing cost-sharing requirements. Eligible applicants, specifically state and county governments, are encouraged to participate in this funding opportunity, aligning with the broader objectives of the RESTORE Act. The grants, with an award ceiling of $110,099,450, hold the potential to make a significant impact on the region’s well-being.
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | GR-RDC-24-002 |
| Funding Opportunity Title: | RESTORE Act Direct Component – Construction and Real Property Acquisition Activities |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Other (see text field entitled “Explanation of Other Category of Funding Activity” for clarification) |
| Category Explanation: | RESTORE Act |
| Expected Number of Awards: | 10 |
| CFDA Number(s): | 21.015 — Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Oct 26, 2023 |
| Last Updated Date: | Oct 26, 2023 |
| Original Closing Date for Applications: | Oct 31, 2024 |
| Current Closing Date for Applications: | Oct 31, 2024 |
| Archive Date: | Nov 30, 2024 |
| Estimated Total Program Funding: | |
| Award Ceiling: | $110,099,450 |
| Award Floor: | $0 |
Eligibility
| Eligible Applicants: | State governments County governments |
| Additional Information on Eligibility: |
Additional Information
| Agency Name: | U.S. Dept. of Treasury RESTORE Act Program |
| Description: | Treasury is publishing multiple funding opportunity announcements (FOAs) for its RESTORE Act grant programs. This announcement applies only to the Direct Component and is only for applications for eligible construction and real property acquisition activities, including environmental restoration projects and including projects with or without a non-federal cost-share for another federally funded project or program. To apply for eligible activities that do not involve any construction, land acquisition, or environmental restoration, applicants should use the non-construction funding opportunity announcement (GR-RDC-23-001). All construction and real property acquisition activities, and any activity that requires a permit from a federal or state agency, including natural resource restoration projects, should be submitted under this construction and real property acquisition funding opportunity announcement. Trust Fund amounts are available to carry out eligible activities described in the RESTORE Act and Treasury’s implementing regulations at 31 CFR 34.201. These are: 1) Restoration and protection of the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches and coastal wetlands of the Gulf Coast region. 2) Mitigation of damage to fish, wildlife, and natural resources.3) Implementation of a Federally- approved marine, coastal, or comprehensive conservation management plan, including fisheries monitoring.4) Workforce development and job creation. 5) Improvements to or on State parks located in coastal areas affected by the Deepwater Horizon oil spill.6) Infrastructure projects benefitting the economy or ecological resources, including port infrastructure. 7) Coastal flood protection and related infrastructure.8) Promotion of tourism in the Gulf Coast region, including promotion of recreational fishing.9) Promotion of the consumption of seafood harvested from the Gulf Coast region. 10) Planning assistance.11) Administrative costs. Eligible activities 1 through 7 listed above must be carried out in the Gulf Coast region. |
| Link to Additional Information: | RESTORE Act Direct Component – Construction and Real Property Acquisition Activities |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact: For assistance with RGMS related matters or setting up new user accounts, please contact:
RGMShelpdesk@treasury.gov. For assistance related to the FOA, please contact the Office of Gulf Coast Restoration at restoreact@do.treas.gov. |