Facilitating Hazard Mitigation Projects Act

This bill requires the Federal Emergency Management Agency (FEMA) to evaluate ways to simplify cost-effectiveness calculations for several key disaster mitigation grant programs, including FEMA’s Hazard Mitigation Grant Program and flood mitigation assistance. FEMA must complete this evaluation within 360 days, consult with state, local, tribal, and nonprofit groups, and submit a report to Congress detailing findings and proposed improvements. The bill does not change existing cost-effectiveness rules but focuses on reducing administrative complexity for applicants. It directly affects FEMA and the agencies/communities applying for hazard mitigation funding under the specified programs.