Establishes the Strengthen Hawaii Homes Program under the Department of Land and Natural Resources to award grants for qualified mitigation projects to mitigate against loss from fire. Provides eligibility criteria for residential property owners to receive grants and guidelines for contractors and assessors to perform work on mitigation projects. Establishes the Strengthen Hawaii Homes Revolving Fund. Requires annual reports to the Legislature. Appropriates funds. Effective 7/1/2050. (SD1)