1. Short title This Act may be cited as the Community Empowerment for Mitigated Properties Act of 2017 . 2. Guidance on hazard mitigation assistance (a) In general Not later than 180 days after the date of enactment of this Act, the Administrator of the Federal Emergency Management Agency shall issue guidance regarding a buy-out or the acquisition of property for open space as a mitigation measure under section 404 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5170c ) that includes— (1) a process by which the State hazard mitigation officer appointed for such a buy-out or acquisition shall, not later than 60 days after the applicant for assistance enters into an agreement with the Administrator regarding the buy-out or acquisition, provide written notification to each affected unit of local government for such buy-out or acquisition that includes— (A) the location of the buy-out or acquisition; (B) the State-local assistance agreement for the hazard mitigation grant program; (C) a description of the buy-out or acquisition; and (D) a copy of the model deed restriction; and (2) recommendations for entering into and implementing a memorandum of understanding between units of local government and covered entities that includes provisions to allow an affected unit of local government notified under paragraph (1) to— (A) use and maintain the open space created by such a project, consistent with all adjoining property, subject to the notification of the adjoining property, so long as the cost of the maintenance is borne by the local government