Treasury Department Grant: RESTORE Act Direct Component – Construction and Real Property Acquisition

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The Treasury Department is offering the RESTORE Act Direct Component grant for eligible construction and real property acquisition activities in the Gulf Coast region. This grant supports a range of projects including environmental restoration, natural resource protection, infrastructure development, job creation, and tourism promotion. Eligible applicants can apply for funding until the closing date on Oct 31, 2023, to carry out activities outlined in the RESTORE Act, focusing on the restoration and protection of Gulf Coast ecosystems and the mitigation of damage caused by the Deepwater Horizon oil spill.

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Opportunity ID: 343918

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General Information

Document Type:: Grants Notice
Funding Opportunity Number:: GR-RDC-23-050
Funding Opportunity Title:: RESTORE Act Direct Component – Construction and Real Property Acquisition Activities
Opportunity Category:: Discretionary
Opportunity Category Explanation::
Funding Instrument Type::
Category of Funding Activity:: Employment, Labor and Training
Category Explanation:: RESTORE Act
Expected Number of Awards:: 10
Assistance Listings Number(s):: 21.015 — Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States
Cost Sharing or Matching Requirement:: No
Version:: Synopsis 3
Posted Date:: Oct 03, 2022
Last Updated Date:: Oct 03, 2022
Original Closing Date for Applications:: Oct 31, 2023
Current Closing Date for Applications:: Oct 31, 2023
Archive Date:: Nov 30, 2023
Estimated Total Program Funding::
Award Ceiling:: $110,099,450
Award Floor:: $0

Eligibility

Eligible Applicants:: County governments
Additional Information on Eligibility::

Additional Information

Agency Name:: U.S. Dept. of Treasury RESTORE Act Program
Description:: Treasury is publishing multiple funding opportunity announcements (FOAs) for its RESTORE Act grant programs. This announcement applies only to the Direct Component and is only for applications for eligible construction and real property acquisition activities, including environmental restoration projects and including projects with or without a non-federal cost-share for another federally funded project or program. To apply for eligible activities that do not involve any construction, land acquisition, or environmental restoration, applicants should use the non-construction funding opportunity announcement (GR-RDC-23-002). All construction and real property acquisition activities, and any activity that requires a permit from a federal or state agency, including natural resource restoration projects, should be submitted under this construction and real property acquisition funding opportunity announcement.

Trust Fund amounts are available to carry out eligible activities described in the RESTORE Act and Treasury’s implementing regulations at 31 CFR 34.201. These are:
1) Restoration and protection of the natural resources, ecosystems, fisheries, marine and wildlife habitats, beaches and coastal wetlands of the Gulf Coast region.
2) Mitigation of damage to fish, wildlife, and natural resources.
3) Implementation of a Federally- approved marine, coastal, or comprehensive conservation management plan, including fisheries monitoring.
4) Workforce development and job creation.
5) Improvements to or on State parks located in coastal areas affected by the Deepwater Horizon oil spill.
6) Infrastructure projects benefitting the economy or ecological resources, including port infrastructure.
7) Coastal flood protection and related infrastructure.
8) Promotion of tourism in the Gulf Coast region, including promotion of recreational fishing.
9) Promotion of the consumption of seafood harvested from the Gulf Coast region.
10) Planning assistance.
11) Administrative costs.

Eligible activities 1 through 7 listed above must be carried out in the Gulf Coast region.

Link to Additional Information::
Grantor Contact Information:: If you have difficulty accessing the full announcement electronically, please contact:

Version History

Version Modification Description Updated Date
Synopsis 3 Oct 03, 2022
Synopsis 2 Oct 03, 2022
Synopsis 1 Oct 03, 2022

Package Status

Package No: 1

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