Purpose:
The Innovative Finance and Asset Concession Grant Program Notice of Funding Opportunity (NOFO) provides up to $45.98 million to help public entities scan their existing assets to unlock their value and explore innovative financing, alternative delivery, and public-private partnership opportunities. Grants up to $2 million are available, with the first million requiring no local match.
Two types of grants are available under the program: Technical Assistance Grants and Expert Services Grants. Applicants can apply for either type of grant but must choose one. Applications must be submitted through grants.gov by October 1, 2025, at 11:59 p.m. ET. More information about the NOFO and eligibility requirements can be found below.
The Build America Bureau held an information webinar on August 27, 2025. View the slides and the recorded webinar (passcode: 0wnaYg0?).