An Act creating a special commission to scope a state grant or low interest loan program for properties prone to flooding

This bill creates a special commission to design a state program offering grants or low-interest loans for property owners in flood-prone areas of Massachusetts. The commission will determine program details like funding sources, eligible expenses (e.g., structural elevation or property acquisition), applicant qualifications, and cost-benefit analysis criteria. It must consider state climate adaptation plans and resiliency strategies while including diverse expertise (environmental, building, insurance, and government representatives). The commission must submit its recommendations to the legislature by December 2026, but the bill itself does not implement the program - only authorizes its design.