; (2) by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively, and adjusting the margins accordingly; (3) in the matter preceding subparagraph (A), as so redesignated, by striking The national and inserting the following: (1) In general The national ; (4) in paragraph (1), as so designated— (A) in subparagraph (A), as so redesignated, by inserting , without regard to whether the property is in an area having special flood hazards after loss structures ; (B) in subparagraph (C), as so redesignated, by striking the period at the end and inserting a semicolon; (C) in subparagraph (D), as so redesignated— (i) in the matter preceding clause (i), as so redesignated, by inserting subject to paragraph (2), before properties for which ; and (ii) in clause (iv), as so redesignated, by striking the period at the end and inserting ; and ; and (D) by adding at the end the following: (E) a property outside an area having special flood hazards if the community, under section 1361, has established land use and control measures for the area in which the property is located. ; and (5) by striking the flush text following paragraph (1)(E), as added by paragraph (4)(D) of this subsection, and inserting the following: (2) Use of funds for mitigation projects The Administrator shall allow a policyholder to use insurance purchased under this subsection for any eligible project costs under a program described in clause (i), (ii), or (iii) of paragraph (1)(D) of an acquisition, demolition, elevation, relocation, or small structural project funded under that program, including— (A) asbestos remediation; (B) the demolition of a driveway or sidewalk when a structure is acquired