This bill mandates the Department of Community Affairs (DCA) to restart the Reconstruction, Rehabilitation, Elevation, and Mitigation program, utilizing any remaining uncommitted funds to address the unmet recovery and rebuilding needs of homeowners affected by Superstorm Sandy. The DCA is instructed to accept grant applications specifically aimed at providing financial assistance to those still in need of support for recovery and rebuilding efforts.

The bill emphasizes the importance of utilizing available appropriations to assist Superstorm Sandy-impacted homeowners, ensuring that those who have not yet received adequate aid can access the necessary resources for their recovery. The act is set to take effect immediately upon passage.