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Innovative Finance and Asset Concession Grant Program

General Grant Program Information

The Innovative Finance and Asset Concession (IFAC) Grant Program assists public entities in exploring innovative financing and delivery opportunities, including facilitation and evaluations of public-private partnerships for Transportation Infrastructure Finance and Innovation Act (TIFIA) eligible projects.

Opportunity Status:
Open
Posted Date:
08/13/2025
Close Date:
10/01/2025
Eligible Applicants:
State Governments; Local Governments; Federally Recognized Tribes and Affiliated Groups; Planning and Project Organizations; Transportation Providers and Operators; U.S. Territories
Eligible Activities:
Planning; Technical Assistance, Workforce Development, and Training/Education
Transportation Type:
Bike/Ped Bridge Maritime Pipeline Railway Roadway Transit
Estimated Total Program Funding:
N/A
Cost Sharing or Matching Requirement:
Yes
Grant Opportunity ID:
DOT-OST-2025-0033
Grant Opportunity Link:
Grants.gov Opportunity: Innovative Finance and Asset Concession (IFAC) Grant Program
Agency:
USDOT / Office of the Secretary of Transportation (OST)

Eligibility Information

Eligible Applicants

Eligible applicants are public entities that own, control, or maintain assets that could be enhanced through Transportation Infrastructure Finance and Innovation Act (TIFIA) credit assistance. 

Eligible Uses

There are two types of Innovative Finance and Asset Concession grants: Technical Assistance Grants and Expert Services Grants.

Technical Assistance Grants:

Technical Assistance Grants can be used for:

  • Asset Scans: Conduct assessments of multiple existing assets.
  • Advancing a Program of Existing Assets: Conduct pre-construction tasks that consider innovative financing and delivery to achieve project goals.

For Technical Assistance Grants, two or more existing assets must be bundled together for joint analysis.

Expert Services Grants:

Expert Services Grants can be used for exploring opportunities to leverage public and private funding or alternative approaches to project delivery or procurement of an identified asset or group of assets.

For Expert Services Grants, more than one asset may be developed as long as the proposed activities pertain to specific projects and are not programmatic in scope.

Funding Information

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 $1 million requiring no local match.

No more than $4 million can be awarded to recipients in a single state during any 3-year period, and only one agreement can be awarded per recipient.

Contact Information

Jennifer Hara
Program Manager
InnovativeFinanceTA@dot.gov
 

Disclaimer:
The Dashboard provides users with a high-level overview of relevant Federal discretionary grant programs. The information in the Dashboard is maintained as a secondary resource and may not be updated with the most recent changes to each program's primary guidance materials. Accordingly, please refer to the Federal grant-making agency for the most comprehensive and up-to-date information on a grant opportunity in the Dashboard.