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Innovative Finance and Asset Concession Grant Program - FY2022-2024 Awards

FY 2022-2024 Innovative Finance and Asset Concession Grant Program Recipients Announced! Read the press release.

On September 17, 2024, the U.S. Department of Transportation awarded $49.5 million in grants to 45 local, regional, and state public entities for the Innovative Finance and Asset Concession Grant Program (IFACGP), authorized by President Biden’s Bipartisan Infrastructure Law. Grant recipients will use funding for asset development tasks such as technical, finance, and legal assistance. Selected projects include studies for transit-oriented development, transit service, port development, and bridge replacement.

On October 8, 2024, the Bureau provided a Welcome Aboard Webinar for all new grantees. View the presentation slides or watch the webinar recording using passcode DKKz4@5F.

IFACGP Snapshot

  • 27 Technical Assistance Grants
  • 18 Expert Services Grants
  • 25 States Represented
  • $49.5 million in Funding

Technical 

Click on the map below to learn more about the selected IFAC recipients and their projects, or view the list of the FY22-24 awards.

Gray map of the United States showing green and blue boxes on difference cities. Green boxes are where Expert Services Grants are awarded. Blue boxes are where Technical Assistance Grants are awarded.