Authorizes NJ Infrastructure Bank to expend certain sums to make loans for Community Hazard Assistance Mitigation Program projects for FY2025.

This bill authorizes the New Jersey Infrastructure Bank to provide up to $7,198,045 in low-interest loans to six local governments for specific hazard mitigation and resilience projects in fiscal year 2025. The loans will fund projects including McGovern Park Resilience in Jersey City, Southwest Park Expansion in Hoboken, and flood mitigation in Bergen County, as listed in the bill. Each loan must be repaid within 30 years, and the bank can use repayments and interest to cover operating costs and fund future initiatives. This program implements New Jersey's requirements under the federal STORM Act to reduce community vulnerability to natural disasters.