The proposed bill establishes the Veterans Rental Assistance Grant Program under a new section, 420.5098, of the Florida Statutes. This program aims to provide financial assistance to low-income, honorably discharged veterans for securing rental housing by offering one-time grants of up to $2,000 to cover security deposits. The Florida Housing Finance Corporation is tasked with administering the program and is authorized to create rules for its implementation. The bill outlines specific eligibility requirements, including proof of honorable discharge, state residency, and an annual household income at or below 140 percent of the area median income.

The legislative findings emphasize the need for support for honorably discharged veterans, highlighting their right to reasonable access to housing and the financial barriers they may face. The bill aims to eliminate these barriers by facilitating rental assistance, thereby improving housing access for veterans in need. The act is set to take effect on July 1, 2025.