; (III) insulating and eliminating air leakage in order to ensure that individual dwelling units can retain a safe temperature during a power outage until power is restored or emergency assistance arrives; and (IV) installing rigid foam wall insulation in hurricane and earthquake-prone areas in order to create shear walls to resist structural damage from walls tilting or falling during high winds and earthquakes. (b) Grant application (1) Required contents As a condition of receiving a grant under subsection (a), each eligible entity shall include in the grant application submitted to the Secretary— (A) a signed acknowledgment indicating a commitment to transition all public housing owned or managed by the eligible entity into zero-carbon homes not later than 10 years after the date on which the eligible entity receives the grant; (B) a signed acknowledgment indicating a commitment to hiring, training, and retaining needed public housing agency employees associated with the activities of the grant; (C) a full accounting, including pre-approved financing plans and post-completion expense reports, of the amount of funds required to complete the activities under the grant, under enforcement by the Secretary, which shall— (i) be complete and reasonably calculated to accomplish the purposes of this Act; (ii) include costs related to complying with local wage and labor laws; (iii) include the amount of funds expended by the eligible entity to comply with the resident and community engagement requirements under paragraph (3); and (iv) be updated and submitted to Congress on a quarterly basis; and (v) include a 10-year decarbonization plan meeting decarbonization requirements determined by the Secretary; (D) a community impact assessment and analysis of— (i) the likely direct and indirect impact the grant funds, if awarded, will have on the economic empowerment and social mobility of environmental justice communities