relative to coastal resilience zones.

HB 595 adds flood resiliency improvements to the definition of qualifying improvements for C-PACE and R-PACE funding, helping property owners finance flood mitigation measures. It enables municipalities to offer property tax abatements or freezes for flood resilience projects and to assess fees on properties in flood resilience zones to fund a non-lapsing flood resilience investment fund. The bill also appropriates $500,000 for a statewide analysis of flood risk mitigation costs and benefits. These provisions directly affect property owners in flood-prone areas and municipalities seeking to implement flood resilience programs.