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 bill mandates that community-based care lead agencies calculate the financial assistance amount based on the young adult's income and personal contribution towards rent, and enter into formal agreements with them. These agreements must include stipulations regarding rent payment and the creation of a financial plan, while also detailing the conditions under which the agreement may be terminated.

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 prohibits community-based care lead agencies from charging fees for administering the financial assistance and requires the Department of Children and Families to promote the grant's availability and provide relevant information to potential beneficiaries. The act is set to take effect on July 1, 2025.

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