Opportunity Information: Apply for GR RDC 24 002

The RESTORE Act Direct Component - Construction and Real Property Acquisition Activities funding opportunity (FOA number GR-RDC-24-002) is a discretionary grant program run by the U.S. Department of the Treasury under the RESTORE Act Program (CFDA 21.015). It is specifically designed for projects that involve construction and/or the acquisition of real property, and it also covers environmental restoration work. A key point is that Treasury is issuing multiple FOAs under the RESTORE Act, and this particular announcement is only meant for proposals that include construction, land purchase, or similar real-property actions. If a project does not involve construction, land acquisition, or environmental restoration, applicants are directed to use a separate non-construction announcement (GR-RDC-23-001) instead.

This construction-focused FOA is also the correct place to submit any project activity that requires a permit from a federal or state agency. That means it is not limited to traditional "building" projects; it also captures natural resource restoration and other activities where permits are part of the implementation pathway. The program allows applicants to propose eligible construction and real property acquisition activities either with or without a non-federal cost share, including situations where the RESTORE-funded project is pairing with another federally funded project or program.

Funding comes from the RESTORE Act Trust Fund and must support eligible uses established in the RESTORE Act and Treasury's implementing regulations at 31 CFR 34.201. The eligible activity categories are broad and include: restoring and protecting Gulf Coast natural resources and ecosystems (including fisheries, marine and wildlife habitats, beaches, and coastal wetlands); mitigating damage to fish, wildlife, and natural resources; implementing federally approved marine, coastal, or comprehensive conservation management plans (including fisheries monitoring); workforce development and job creation; improvements to or on state parks in coastal areas affected by the Deepwater Horizon oil spill; infrastructure projects that benefit the economy or ecological resources (including port infrastructure); coastal flood protection and related infrastructure; promoting tourism in the Gulf Coast region (including recreational fishing); promoting consumption of seafood harvested from the Gulf Coast region; planning assistance; and administrative costs. Treasury notes a geographic requirement for the core restoration and infrastructure categories: eligible activities numbered 1 through 7 must be carried out in the Gulf Coast region.

Eligible applicants are limited to governmental entities, specifically state governments and county governments. The announcement was created on October 26, 2023, and originally closes on October 31, 2024. Treasury indicates an expected 10 awards, and the listed award ceiling is $110,099,450.

  • The Department of the Treasury, U.S. Dept. of Treasury RESTORE Act Program in the other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "RESTORE Act Direct Component – Construction and Real Property Acquisition Activities" and is now available to receive applicants.
  • Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 21.015.
  • This funding opportunity was created on Oct 26, 2023.
  • Applicants must submit their applications by Oct 31, 2024. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
  • Each selected applicant is eligible to receive up to $110,099,450.00 in funding.
  • The number of recipients for this funding is limited to 10 candidate(s).
  • Eligible applicants include: State governments, County governments.
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