Biden Announces $1.5B Available through the 2024 RAISE Grant Program
A Notice of Funding Opportunity (NOFO) has been published by the U.S. Department of Transportation (USDOT) for $1.5 billion in grant funding. This is through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) discretionary grant program for 2024 allotted for projects with significant local or regional impact.
The discretionary grants available through RAISE are to help project sponsors at the state and local levels, including municipalities, Tribal governments, counties and other complete crtical freight and passenger transportation infrastructure projects. Eligibility requirements of such allow project sponsors to obtain funding for projects that may be harder to support through other U.S. DOT grant programs.
A full list of 2023 awarded projects is available HERE.
“Across the country, I have seen firsthand how projects funded by our RAISE program are helping communities realize long-held dreams and well-planned visions for better infrastructure,” said U.S. Transportation Secretary Pete Buttigieg. “Thanks to President Biden’s leadership, we are delivering safer, cleaner infrastructure to communities of every size and in every part of the country, creating a new generation of jobs and helping families build generational wealth in the process.”
According to USDOT, in 2023, RAISE funding supported 162 projects in all 50 states, the District of Columbia, Puerto Rico, and the Northern Mariana Islands.
RAISE projects are rigorously reviewed and evaluated on statutory criteria of safety, environmental sustainability, quality of life, mobility and community connectivity, economic competitiveness and opportunity including tourism, state of good repair, partnership and collaboration, and innovation.
Additionally, projects designated “RCN Program Extra” during the new FY 2023 Reconnecting Communities and Neighborhoods (RCN) Program competition and submitted for consideration under the FY 2024 RAISE NOFO will have a greater opportunity to be advanced during the FY 2024 RAISE evaluation process, as described in the NOFO.
