FEMA Media Library

Media type

Keywords

Public Notice for Long-Term Sustainability for Provo’s Water Supply, EMD-2021-BR-063-0001, September 2023

Sep 22, 2023
Download File

Letter of Final Determination: Jan. 25, 2024

LFD Date: July 25, 2023
FIRM Effective Date: Jan. 25, 2024
States: Arkansas

Aug 11, 2023
Download File

Multi-Faith Leader Climate Resilience Roundtable 2024 - 2

FEMA Deputy Administrator Erik Hooks greets Gurpreet Singh Sodhi, Chief Executive Officer, United Sikhs. (FEMA photo)

Apr 26, 2024
Download Photo

FEMA Policy: Benefit-Cost Analysis Discount Rate and Streamlined Cost-Effectiveness for Hazard Mitigation Assistance and Public Assistance Programs

FEMA Policy 206-23-001
This policy supports the implementation of federal guidance provided by OMB Circular A-94, Appendix D to update the discount rate used in Benefit-Cost Analyses (BCA) of hazard mitigation projects. In accordance with the principles of OMB Circular A-94, FEMA will adopt the A-94 discount rate of 3.1%. It also includes streamlined cost-effectiveness determination methods, such as allowing subapplicants to submit a cost-effectiveness narrative, rather than a BCA, for projects costing less than $1 million. FEMA will continue to engage with OMB to improve implementation of FEMA’s cost effectiveness requirements to enable FEMA’s strategic goals and accelerate risk reduction and adaptation nationwide.