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, entering into formal agreements with the young adults, and providing necessary support without charging fees for these services. The bill also mandates that the Department of Children and Families advertise the grant and provide relevant information to potential beneficiaries.

Additionally, the bill amends existing statutes to conform to the new provisions, including updates to the transition plan requirements for young adults receiving funding under the Independent Living Housing Grant. It specifies that the transition plan must be updated as needed and includes provisions for ongoing support beyond the age of 18 for those receiving financial assistance. The bill also clarifies definitions related to independent living services and ensures that financial assistance for young adults does not affect their eligibility for other federal assistance programs. The act is set to take effect on July 1, 2025.

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