ften the beginning of a large infrastructure project can be daunting. Local governments regularly know they need to advance a financing plan for the project, but there are preparatory steps that need to be taken to even understand if a project is a candidate for innovative financing like a public-private partnership or if it is a candidate for low-cost federal loans rather than grants. Local governments may want to hire a financing expert or technical advisor to assess the project and offer the local government more informed options. This is where the Innovative Finance and Asset Concession Grant Program (IFAC) at the U.S. Department of Transportation (USDOT) Build America Bureau may be able to help.
Topline Summary
- The Innovative Finance and Asset Concession Grant Program (IFAC) applications are now open for your community to consider
- IFAC helps communities facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development, financing, construction, maintenance, and operation
- Grant applications close on Oct. 1, 2025 at midnight
National League of Cities
By: Kyle Funk & Brittney D. Kohler
August 29, 2025