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Flood Hazard Mitigation and Riverine Ecosystem Restoration Program This watershed -based program administered by the Army Corps of Engineers focuses on identifying sustainable solutions in flood -prone areas. Eligible projects need to meet the dual purpose of flood hazard mitigation and riverine ecosystem restoration. Grantees must provide 50 percent non - Federal match for studies and 35 percent for project implementation. The maximum federal allocation is $30 million. Projects might include the relocation of threatened structures, conservation or restoration of wetlands and natural floodwater storage areas, and planning for responses to potential future floods. Emergency Watershed Protection This program, administered by the NRCS, provides technical and financial assistance to preserve life and property threatened by excessive erosion and flooding. Activities under this program include the purchase of flood plain easements. NRCS may purchase easements on any floodplain lands that have been impaired within the last 12 months or that have a history of repeated flooding (i.e., flooded at least two times during the past 10 years). Purchases are based upon established priorities. Under the floodplain easement option, a landowner voluntarily offers to sell to the NRCS a permanent conservation easement that provides the NRCS with the full authority to restore and enhance the floodplain's functions and values. Landowners retain the right to control public access, and undeveloped recreational use such as hunting and fishing. At any time, a landowner may obtain authorization from NRCS to engage in other activities, provided that NRCS determines it will further the protection and enhancement of the easement's floodplain functions and values. National Fish and Wildlife Foundation Challenge Grant Program This program is administered by the National Fish and Wildlife Foundation (NFWF) — a private, non - profit, 501(c)(3) tax - exempt organization established by Congress in 1984. The NFWF awards challenge grants on a competitive basis. Grants typically range from $10,000 - $150,000, based upon need. As a policy, the this program seeks to achieve at least a 2:1 return for every federal matching dollar awarded. Challenge grants are awarded to projects that: • Address priority actions promoting fish and wildlife conservation and the habitats on which they depend; • Work proactively to involve other conservation and community interests; • Leverage available funding; and • Evaluate project outcomes. Open Space Acquisition Funding and Protection Strategies — Draft October 2001 7