The $1.2-trillion infrastructure bill recently approved by the U.S. Senate includes $500 million for a revolving loan fund created earlier this year that would allow cities and other municipalities nationwide to pay for projects that improve resiliency against floods, hurricanes and other natural disasters.
After the floods of 2019, 100 mayors along the Mississippi River corridor in 10 states from Minnesota to Louisiana began pushing for the creation and funding of the resiliency loan fund.