Funding News

FDOT State Infrastructure Bank (SIB)

Now through June 30, 2022

The Florida Department of Transportation (FDOT) State Infrastructure Bank (SIB) is a revolving loan and credit enhancement program consisting of two separate accounts and is used to leverage funds to improve project feasibility. The SIB can provide loans and other assistance to public or private entities carrying out or proposing to carry out projects eligible for assistance under federal and state law. The SIB cannot provide assistance in the form of a grant.

An application is required to be submitted by prospective loan applicants to ensure projects meet eligibility, financial, and production criteria. Applications approved for SIB funding for this upcoming application cycle will be available July 1, 2023.

Application and Negotiation dates for federal and state eligible production-ready projects are as follows:

Open for Applications: May 1, 2022
Closed for Applications: June 30, 2022
Application and Financial Analysis: July–September 2022
Commence Negotiations with Loan Candidates: November–December 2022
SIB Website: http://www.fdot.gov/comptroller/PFO/sib.shtm

If you have any questions or need additional assistance, please contact Jessica Hughes, MBA, State Infrastructure Bank (SIB) Loan Manager at 850-414-4623 or Jessica.hughes@dot.state.fl.us .

Safe Streets and Roads for All

Coming in Spring 2022

The Safe Streets and Roads for All (SS4A) is a new discretionary grants program under BIL that supports Tribal and local initiatives to prevent transportation-related death and serious injury on roadways. The SS4A web content is now live on Transportation.gov. The web content includes links that allow registration to pre-application information webinars. Please note that the NOFO for this program has not yet been posted, but is expected to be released later this spring. Webinar Series Page: https://www.transportation.gov/grants/SS4A/webinars