The bill amends the My Safe Florida Condominium Pilot Program by revising the definition of "condominium" to exclude detached units on individual parcels of land and limiting participation in the program to structures that are three or more stories high, with at least two single-family dwellings. It establishes new conditions for condominium associations to apply for hurricane mitigation inspections and grants, requiring compliance with specific inspection requirements and a majority vote from the board of administration. Additionally, the bill mandates that grant funds can only be used for water intrusion mitigation devices or improvements that yield a mitigation credit, discount, or other rate differential.

Furthermore, the bill modifies the approval process for grant applications, changing the requirement from a unanimous vote to at least 75 percent approval from unit owners residing in the structure. It also removes specific funding amounts for certain projects and emphasizes that improvements must be identified in the final hurricane mitigation inspection to qualify for grant funds. The bill aims to ensure that mitigation improvements enhance the building's resistance to hurricane damage and comply with current building codes, while also streamlining the application and funding process for eligible condominium associations.