Funding distributed among 30 applications from 22 local government organizations
Funding distributed among 30 applications from 22 local government organizations
The Virginia Community Flood Preparedness Fund has awarded $24.5 million in grants for 30 projects statewide, Gov. Ralph Northam announced Thursday.
“The Community Flood Preparedness Fund will provide an estimated $75 million a year to improve the resilience of our commonwealth, including targeted funding for Virginia’s most vulnerable and underserved communities,” Northam said in a statement. “This funding is only possible because of our participation in the Regional Greenhouse Gas Initiative.”
Thirty applications from 22 local government organizations will receive grants to build capacity, plan and begin projects to address the effects of recurrent flooding, sea level rise and extreme weather.
The Virginia Department of Conservation and Recreation, in cooperation with the Virginia Resources Authority, administers the fund and grant program. DCR oversees the state’s floodplain management program.
Grants are financed by the sale of carbon emission allowances under the Regional Greenhouse Gas Initiative, or RGGI. RGGI is a collaborative effort among mid-Atlantic and Northeast states to combat climate change and reduce greenhouse gas emissions from the energy sector. Since earlier this year, the Community Flood Preparedness Fund has provided more than $32.3 million in funding to local communities, according to a news release.
Gov.-elect Glenn Youngkin said earlier in the month that he would use executive power to remove Virginia from RGGI, calling it a carbon tax on electricity consumers in Virginia that will cost ratepayers an estimated $1 billion to $1.2 billion over the next four years. Youngkin takes office Jan. 15, 2022.
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