The deadline for the U.S. Department of Transportation $1.5 billion in Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant funding is fast-approaching. Applications for the competitive program that supports investments in road, rail, transit and port projects that have a significant local or regional impact are due February 28.
RAISE discretionary grants are funded by the Bipartisan Infrastructure Law. Eligible applicants include state and local governments, Tribal governments, and counties.
Grantees may receive up to $25 million per project and will receive no less than $1 million for rural-area projects and $5 million for urban-area projects. No more than $225 million will be awarded to a single state.
Half of the funding will be awarded to projects in rural areas, and half to urban areas. At least $15 million will be awarded to Persistent Poverty or Historically Disadvantaged Communities, and projects located in these areas will be eligible for a federal cost share of up to 100 percent.
RAISE projects are reviewed and evaluated based on safety, environmental sustainability, quality of life, mobility and community connectivity, economic competitiveness and opportunity including tourism, state of good repair, partnership and collaboration, and innovation. Applicants are encouraged to consider how their projects can address climate change, ensure racial equity, and remove barriers to opportunity.
Projects designated “RCN Program Extra” during the federal fiscal 2023 Reconnecting Communities and Neighborhoods program competition and submitted for consideration under the fiscal 2024 RAISE notice of funding opportunity, will have a greater opportunity to be advanced.
Additional information and the notice of funding opportunity are available online.
Selections will be announced no later than June 27.
Capital Strategic Solutions assists our clients with researching grant opportunities and obtaining grant funding each year by crafting compelling applications and identifying ways to scale effective programs. We offer a full variety of grant writing, management and technical assistance services customized to the needs of our clients. Our team is skilled at overseeing the entire grant lifecycle process, from proposal to closing, including pre-award management, approval process, tracking payments, reviewing budgets, producing relevant reports and post-award contract compliance.
For more information about how we can help with your application, please email info@capital-strategic-solutions.com.