2022 Prioritization for Allocation of Funding from the Flood Resilience Trust
The 2022 Prioritization Framework for Allocation of Funding from the Flood Resilience Trust was created in response to the creation of the Flood Resilience Trust, which was intended to act as a funding backstop for any Bond IDs in the 2018 Bond Program with gaps in anticipated partnership funding that had not been realized. Input from the Community Flood Resilience Task Force was incorporated to place greater emphasis on the number of people a Bond ID benefits, remove potential and committed partnership funding as a factor in the framework and recognize benefits from reducing flooding both inside and outside of the 1 percent ACE (100-year) mapped floodplain.
The 2022 framework builds on the original prioritization framework passed in 2019 by:
- Replacing three former metrics (Structures Benefitted, Project Efficiency, and Partnership Funding) with a single Project Efficiency metric that is a combination of Project Efficiency using People Benefitted and Project Efficiency using Structures Benefitted.
- This change places a greater emphasis on the number of people benefitted by a Bond ID and ensures that all Bond ID sizes and types are rated based on their effectiveness in mitigating flood risk.
- Removing partnership funding entirely from Bond ID prioritization.
- Although the Flood Control District strives to maximize partnership funding at all levels, including Federal, State, and local partners, use of partnership funding as a prioritization criterion adversely impacts Bond IDs and projects in areas that are not able to meet Federal benefit-cost thresholds used to determine funding eligibility, exacerbating historical inequities in those areas.
- Incorporating local subdivision drainage projects into the Framework to provide apples-to-apples comparisons of project scores with channel and stormwater detention projects.
- This is accomplished by updating the methodology used to calculate benefits and existing conditions for both traditional channel and stormwater detention projects, as well as local subdivision drainage projects.