May 02, 2025

TMF Strengthens Longevity Through Enhanced Repayment Model

WASHINGTON — Today, the Technology Modernization Fund (TMF) announced a strategic shift to prioritize full repayment for new investments to maximize its capacity to continue accelerating high-impact modernization projects across the federal government.

The TMF provides a streamlined path to modernization by combining upfront capital with specialized advisory services, allowing federal agencies to implement transformative IT solutions with greater speed and accountability. The unique funding model breaks down the typical silos between finance and IT teams and incentivizes cross-agency collaboration on common challenges, reducing duplicate spending, and creating shared solutions that benefit the entire federal enterprise.

“President Trump’s GSA is committed to delivering secure, leading-edge technology solutions that benefit both government agencies and the American public,” said GSA Acting Administrator Stephen Ehikian. “By ensuring full repayment of our investments, the TMF sends a clear message to federal agencies: focus on high-impact, high-return modernization efforts. These investments not only replace outdated systems but also streamline critical operations ultimately improving services for government employees and delivering greater value to taxpayers.”

“This strategic adjustment allows us to maintain the TMF’s crucial role in governmentwide modernization for years to come,” said TMF Acting Executive Director Jessie Posilkin. “Strengthening our repayment structure means we can expand our impact across more agencies while remaining good stewards of taxpayer dollars.”

Since its 2018 launch, the TMF has invested over $1.05 billion in 69 projects across 34 federal agencies, ranging from cybersecurity enhancements to customer experience improvements. The TMF portfolio has created a network of innovation that touches virtually every aspect of government service delivery.

“Our digital infrastructure is fundamental to everything the government does,” said Federal Chief Information Officer and TMF Board Chair Gregory Barbaccia. “This shift transforms a finite appropriation to an enduring fixture of our modernization strategy, creating lasting institutional capacity to address technology debt.”

Agencies seeking TMF funding will continue to receive flexible repayment schedules tailored to their specific project circumstances, with an emphasis on developing plans that prioritize full repayment whenever possible.

For more information on the TMF and how to apply, visit tmf.cio.gov.

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About the TMF: The Technology Modernization Fund is working to transform the way the government uses technology to deliver for the American public in an equitable, secure, and user-centric way. The TMF invests in technology projects across government, providing incremental funding, technical assistance, and oversight throughout execution to ensure the success of its investments.

The TMF is overseen by the Technology Modernization Board, which is composed of government IT leaders representing proven expertise in technology, transformation, and operations. TMF investments have supported projects ranging from modernizing the payment system used by the government’s second largest revenue-collecting agency to helping to develop a new customer relationship management platform to maintain crucial international partnerships. For more information, visit tmf.cio.gov.

About GSA: GSA provides centralized procurement and shared services for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing over $100 billion in products and services via federal contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA’s mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit GSA.gov and follow us at @USGSA.