In Sault Ste. Marie, Peters Highlights $500 Million in Funding for STORM Act Loan Program to Protect Michigan Communities from Coastal Erosion and Rising Water Levels
U.S. Senator Gary Peters (MI), Chairman of the Homeland Security and Governmental Affairs Committee, toured the Sherman Park beachfront in Sault Ste. Marie and highlighted the $500 million he secured in the bipartisan infrastructure law to fund a loan program he created to help communities in Michigan and across the nation invest in resilient infrastructure projects that will protect against coastal erosion, rising water levels, and severe flooding. This is the first funding for the program created by Peters’ Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act, which was signed into law last year. With the new funding Peters secured, the program will help states establish revolving loan funds that can be used to support local infrastructure projects to protect against natural disasters that have put homes, small businesses, property, and communities at risk, and caused millions of dollars in damages. Peters was joined by Sault Ste. Marie Mayor Don Gerrie, and Executive Director for the Sault Convention & Visitors Bureau Linda Hoath.