The bill establishes the Independent Living Housing Grant aimed at assisting eligible young adults aging out of foster care to afford rent for residential housing, thereby facilitating their transition to independent living. It outlines specific eligibility requirements for young adults, including age criteria, residency, and completion of a financial literacy curriculum. The community-based care lead agency is tasked with calculating the financial assistance amount based on the young adult's income and fair market rent, and must enter into formal agreements with the eligible individuals detailing the terms of assistance. The agency is also prohibited from charging fees for these services and must provide necessary notifications regarding the agreements.

Additionally, the bill amends existing statutes to conform to the new provisions, including updates to the transition plan requirements for young adults receiving funding. It mandates that the Department of Children and Families advertise the grant's availability and provide relevant information to those involved in the foster care system. The bill also includes provisions for the termination of agreements under certain circumstances and outlines the responsibilities of the community-based care lead agency in managing the financial assistance process. The act is set to take effect on July 1, 2025.

Statutes affected:
H 539 Filed: 39.6035, 409.1455, 420.0004