Innovative Finance and Asset Concession (IFAC) Grant Program
- Posted
- August 13, 2025
- Closed
- October 1, 2025
- Award ceiling
- $2,000,000
- Award floor
- $100,000
- Cost sharing
- Yes
- Instrument
- Cooperative Agreement
- Assistance listing
- 20.945
- Category
- Transportation
- Archives
- October 31, 2025
Program funding history
Awards made under Assistance Listing 20.945 across FY2025–FY2027, from public federal spending records.
- FY2025 obligated
- $48.5M
- FY2026 obligated
- $39.1M
- FY2027 (to date) obligated
- $0
- Awards in window
- 83
Top recipients: Transportation & Development Louisiana D, Little Rock Municipal Airport Commission, City of New Orleans, Richmond, City of, Maryland Department of Transportation
Source: USAspending.gov · refreshed October 2026 · Program page: awards, recipients and the opportunities under this listing →
Synopsis
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 entities in facilitating and evaluating public-private partnerships and exploring opportunities for innovative financing and delivery for eligible transportation infrastructure projects, including highway, transit, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, airports, and transit-oriented development projects. This notice will award funding from Fiscal Years 2024, 2025, and 2026.
Eligible applicants for this Program are public entities that own, control, or maintain assets that could be developed into enhanced assets. Eligible assets are those activities that would reasonably be deemed eligible to receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan through the Bureau.
Who can apply
- State governments
- Native American tribal governments (Federally recognized)
- City or township governments
- Special district governments
- County governments
The official record
Grants.gov published the official terms and dates of this opportunity; this page keeps them as they were listed.
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