Bill > S08581

This bill expands eligibility for the Resilient Retrofits Loan and Grant Program, which provides low- or no-interest loans and grants to individual property owners for hazard mitigation and resilience projects, including repairs, cleanups, and upgrades of private sewers where capacity has been exceeded. The bill establishes the Resilient Retrofit Loan and Grant Fund to administer the program, which can be used to satisfy non-federal match requirements for federal mitigation grants. The program offers graduated loan forgiveness for eligible households with annual incomes of $250,000 or less.