Today, the Federation of Canadian Municipalities (FCM) announced the latest round of intakes for the anticipated Municipal Asset Management Program (MAMP).
For many municipalities across Canada, the first round of funding enabled communities to prioritize asset management and begin creating a robust asset management program that fulfills provincial guidelines and regulations.
Eligible activities for MAMP’s second round of funding have stayed consistent, allowing municipalities to continue to advance their asset management practices or get started with program development. Examples of eligible activities include:
- Asset Management Plans
- Risk Assessment Strategies
- Condition Assessments
- Asset Management and Work Order Management software (municipalities can only use 50% of the grant amount for software)
- Lifecycle Strategies
- Levels of Service Framework
MAMP funding covers 80% of total eligible project costs for municipalities with a population over 1,000 and 90% for a population under 1,000, to a maximum of $50,000 and projects must be completed within 12 months of being approved for funding.
In 2018, PSD’s research analysts helped complete 50 MAMP applications and secured 2.9 million in funding for those organizations. With the release of the new program, PSD will again be offering municipalities assistance with their applications, recognizing now more than ever the importance of working together to help reach your community’s goals of better asset management practices.
PSD will be hosting a webinar on May 20th at 10am ET or 1pm ET. Tune in to hear about changes to the MAMP program parameters and how your organization can use the funding to advance your asset management practices.