Innovative Finance and Asset Concession (IFAC) Grant Program
Department of Transportation
Description
The Innovative Finance and Asset Concession (IFAC) Grant Program offers up to $45.98 million to public entities on a competitive basis. It aims to support projects involving public-private partnerships and innovative financing for transportation infrastructure like highways, transit, rail, freight facilities, ports, rural projects, airports, and transit-oriented development. The funding covers Fiscal Years 2024 to 2026. Eligible applicants are public entities managing assets that could becom…
The purpose of this notice is to solicit applications for the Innovative Finance and Asset Concession (IFAC) Grant Program (the Program). Up to $45.98 million will be awarded on a competitive basis to assist eligible public entitiesin facilitating and evaluating public-private partnerships and e…
Source
Grant ID
DOT-OST-2025-0033
Agency
Department of Transportation
Subcategory/Subagency
69A345 Office of the Under Secretary for Policy
Eligibility
The following categories of applicants are invited to apply:
- City or township governments
- County governments
- Special district governments
- Native American tribal governments (Federally recognized)
- State governments
Awards & Funding
Award Ceiling
$2M
Award Floor
$100,000
Funding Amount
Discretionary
Documents
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