Reforming Disaster Recovery Act

The Reforming Disaster Recovery Act establishes a Long-Term Disaster Recovery Fund to provide grants for long-term recovery after major disasters, primarily benefiting low- and moderate-income households in communities most impacted by disasters. It creates a new Community Development Block Grant Disaster Recovery Program that requires grantees to allocate at least 70% of funds to help low- and moderate-income people, with funds distributed based on unmet needs for housing, economic revitalization, and infrastructure. The bill mandates detailed planning with public input before funds are distributed, requires grantees to prioritize mitigation activities in hazard-prone areas, and includes provisions for preliminary funding to speed up recovery before final assessments are complete. It also requires annual reporting on fund usage to ensure transparency and accountability, while coordinating with FEMA and other agencies to prevent duplication of benefits.