The U.S. Department of Transportation (USDOT) published a Notice of Funding Opportunity (NOFO) for $1.5 billion in grant funding through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant program for 2024.
“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.”
RAISE funding supported 162 projects in all 50 states in 2023.
RAISE discretionary grants help project sponsors at the state and local levels, including municipalities, Tribal governments, counties, and others complete critical freight and passenger transportation infrastructure projects.
Half of the funding will go to projects in rural areas, and half of the funding will go to projects in urban areas. At least $15 million in funding is guaranteed to go towards projects located in Areas of Persistent Poverty or Historically Disadvantaged Communities, and projects located in these areas will be eligible for up to 100 percent federal cost share, as directed by Congress in the bipartisan Infrastructure Investment and Jobs Act (IIJA).
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Source: USDOT
