(iii) how eligible property owners 
awarded funding will be required to report 
on their use of funds; and 
(iv) other information, as the Sec-
retary determines appropriate; and 
(2) if awarded funding under this Act, accept 
and process applications for funding from eligible 
property owners using an online system accessible on 
a smartphone or personal electronic device in addi-
tion to accepting and processing applications 
through a paper format. 
(c) USE OF FUNDS.— 
(1) ELIGIBLE PROGRAM PARTICIPANTS.—Eligi-
ble program participants— 
(A) shall use funds awarded under this Act 
to award grants to eligible property owners for 
resilience and adaptation activities to mitigate 
the impacts of climate change, including related 
modifications needed to maintain the existing 
accessibility of a property to individuals with 
disabilities, as the Secretary may determine 
after the consultation prescribed under section 
5(a); 
(B) shall be required to conduct outreach 
to educate eligible property owners, regardless 
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of whether such property owners have received 
funds awarded under this Act, about how they 
can make structural improvements to their 
homes and property; 
(C) may use up to 15 percent of funds 
awarded under this Act for expenses related to 
administering such funds and for the outreach 
required under subparagraph (B); 
(D) shall not add additional eligibility re-
quirements that materially change who is eligi-
ble for funding under this Act or add proce-
dural burdens that limit property owners from 
applying for, and receiving, funding according 
to rules promulgated under section 5 of this 
Act; 
(E) shall only award grants for activities 
related to buildings, assets, or land located in 
areas where climate-driven hazards are more 
likely to occur as a result of climate change; 
and 
(F) when awarding grants to the owner of 
a multifamily building— 
(i) may require financial participation 
from such owner as a condition of award-
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ing a grant for an activity with respect to 
that multifamily building; 
(ii) in the case of projects funded 
under this Act that involve the displace-
ment of a resident from any occupied 
housing unit, shall only award a grant on 
the condition that such owner— 
(I) provides, at the option of the 
resident, a suitable and habitable 
housing unit that is, with respect to 
the housing unit from which the resi-
dent is displaced— 
(aa) of a comparable size; 
(bb) located in the same 
local community or a community 
with reduced hazard risk; and 
(cc) offered under similar 
costs, conditions, and terms; and 
(II) ensures that resident dis-
placed are provided with the ability to 
return to their former unit, or a com-
parable unit located in the same mul-
tifamily dwelling following the comple-
tion of the grant-funded project; and 
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(iii) shall only award a grant on the 
condition that such owner refrains from— 
(I) raising rent on dwelling units 
in such multifamily building as a re-
sult of any improvements paid for by 
funding awarded under this Act; and 
(II) increasing rent on such 
dwelling units for any reason for at 
least 2 years unless specific rent in-
creases during those 2 years were 
stipulated in agreements made prior 
to the awarding of funding under this 
Act to which such owner is a party. 
(2) ELIGIBLE
PROPERTY
OWNERS.—Eligible 
property owners shall use funds awarded under this 
Act to— 
(A) make changes to existing buildings or 
other assets as necessary to meet the purpose 
of the program established under this section; 
and 
(B) implement natural solutions to adapt 
land to changing conditions. 
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SEC. 5. RULEMAKING. 
(a) IN GENERAL.—Not later than 180 days after the 
date of the enactment of this Act, the Secretary shall pro-
mulgate rules to carry out this Act in consultation with— 
(1) the Secretary of Housing and Urban Devel-
opment; 
(2) the Secretary of Health and Human Serv-
ices; 
(3) the Administrator of the Environmental 
Protection Agency; 
(4) the Administrator of the Federal Emer-
gency Management Agency; and 
(5) the heads of such other Federal depart-
ments and agencies as the Secretary determines ap-
propriate. 
(b) REQUIRED PROVISIONS.—The Secretary shall en-
sure that regulations promulgated pursuant to this section 
include provisions that— 
(1) in coordination with the Director, prescribe 
resilience and adaptation standards; 
(2) provide guidance to eligible program partici-
pants in the implementation of this Act; 
(3) create audits and annual reporting require-
ments as may be necessary or appropriate to deter-
mine whether an eligible program participant has 
carried out activities using grant funds— 
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(A) in a timely and effective manner; and 
(B) in accordance with the requirements of 
this Act and other applicable laws; and 
(4) develop and make publicly available per-
formance targets for public review, which shall in-
clude spending thresholds for each year from the 
date on which funds are obligated by the Secretary 
to the grantee until such time all funds have been 
expended. 
SEC. 6. STANDARDS. 
(a) PUBLICATION.—Not later than 1 year after the 
date of the enactment of this Act, the Director shall de-
velop and publish on the National Institute of Standards 
and Technology website resilience and adaptation stand-
ards, after consultation with— 
(1) relevant Federal departments and agencies 
as the Director determines appropriate; and 
(2) private sector organizations as the Director 
determines appropriate. 
(b) REQUIREMENTS.—The resilience and adaptation 
standards published under this section shall take into con-
sideration— 
(1) the cost of building materials; 
(2) fair labor standards; 
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(3) variation in impacts of climate change, geo-
graphical and topographical location, and pre-exist-
ing weatherization projects; and 
(4) natural solutions. 
SEC. 7. AUTHORIZATION OF APPROPRIATIONS. 
There is authorized to be appropriated to carry out 
this Act— 
(1) to the Secretary, $250,000,000 for each of 
fiscal years 2024 through 2029; and 
(2) to the Director, $2,000,000 for each of fis-
cal years 2024 through 2026. 
Æ 
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