This bill establishes the Granite State Home Mitigation and Resiliency Program, which aims to provide financial grants to homeowners in New Hampshire for protecting their properties against severe weather events such as rain, wind, floods, and hurricanes. The program is designed to reduce the frequency and severity of insurance claims, potentially lowering insurance premiums for homeowners. It clarifies that participation does not create an entitlement for property owners and is contingent upon the availability of funds from the newly created Granite State Home Mitigation and Resiliency Fund. Homeowners can receive grants up to $9,500 per residence per year, with a limit of one grant every three years, and eligibility is subject to income limitations and the maintenance of a homeowner's insurance policy.

The bill also outlines specific requirements for contractors and evaluators involved in the program, ensuring they have the necessary certifications and licenses, while prohibiting any financial interests in the projects they work on. It mandates that evaluators cannot be contractors or suppliers for the projects they inspect. Additionally, the bill emphasizes confidentiality regarding grant applications and allows for limited sharing with regulatory agencies under strict confidentiality agreements. The New Hampshire insurance department will administer the program, maintain transparency through annual disclosures, and limit liability for the state and its department concerning the program.