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 detailing the terms of assistance. Additionally, it prohibits these agencies from charging fees for the administration of the grant.

The bill also amends existing statutes to conform to the new provisions, including updates to the transition plan requirements for young adults receiving funding. It emphasizes the importance of ongoing support and review of the transition plans beyond the age of 18 for those receiving financial assistance. Furthermore, the Department of Children and Families is tasked with advertising the grant's availability and providing relevant information to potential beneficiaries and stakeholders. The act is set to take effect on July 1, 2025.

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