SB 2924 creates a grant program aimed at reducing hurricane and windstorm damage to single-family residential properties through retrofitting. Eligible homeowners can apply for grants to implement upgrades that meet specific standards, such as the "fortified home hurricane" standard. The bill establishes a dedicated fund for this program and outlines that grants can also be administered by nonprofit organizations, provided they comply with program requirements. It includes provisions for inspections and local permitting to ensure compliance with building codes.