Chapter 175 of the General Laws is hereby amended by inserting after section 230 the following section:-

Section 231. (a) The following words, as used in this section, shall have the following meanings: “Program,” the Strengthen Massachusetts Homes Program.

“Fund,” the Strengthen Massachusetts Homes Fund.

“windstorm,” means any storm with a damaging or destructive wind component.

(b) There is established within the division of insurance the Strengthen Massachusetts Homes Program.

(c) There is established within the treasury of the commonwealth the Strengthen Massachusetts Homes Fund, for the use of the commissioner of insurance to administer the program.

(d) This chapter does not create an entitlement for property owners or obligate the commonwealth in any way to fund the inspection or retrofitting of residential property in the commonwealth. Implementation of this program is subject to annual legislative appropriations, receipt of federal grants or funds, or receipt of other sources of grants or funds. The division shall use its best efforts to obtain grants or funds from the federal government or other funding sources to supplement the financial resources of the program that may be provided by the commonwealth.

(e) Monies in the program shall be deposited in the Strengthen Massachusetts Homes Fund. Monies shall not lapse, unless otherwise specified under federal funding or a federal grant, or a grant or funds from another source, or be transferred to the General Fund or other commonwealth funds and shall not be redistributed. Monies shall be used for the purpose of assisting the program in performing all acts that relate to the function and purpose of the program.

(f) The program shall apply for financial grants to retrofit property covered by basic property insurance as defined in section 1 of chapter 175C to resist loss due to flood, hurricane, tornado or other windstorm.

(g) The program may also make grants or funding available to nonprofit entities for projects to retrofit an insurable property to resist loss due to hurricane, tornado or other catastrophic windstorm events if such grants or funding to nonprofit entities are allowable under grant or funding rules, requirements, guidelines or criteria. However, a nonprofit entity shall agree to administer the grants or funds as the program would be required to administer grants or funds and the entity shall provide documentation to the division in a timely manner as requested by the division of insurance.

(h) All mitigation shall be based upon the securing of all required local permits and applicable inspections in keeping with local building codes and other applicable guidance on the fortification of homes to resist loss due to climate change as may be published by the commonwealth office of climate science. Mitigation projects are subject to random reinspection of all projects.

(i) The division of insurance may promulgate rules and eligibility requirements necessary for the proper administration of this chapter and pursuant to any instructions or requirements on grants or funds received by the program.