Plain English Breakdown
The official source material does not provide specific details about the exact rules for implementation or the number of veterans expected to apply.
Rental Assistance for Veterans
This bill creates a program to provide grants up to $2,000 to help low-income veterans who have been honorably discharged with security deposits and rent.
What This Bill Does
- Creates the Veterans’ Rental Assistance Grant Program to provide financial support for eligible veterans.
- Authorizes the Florida Housing Finance Corporation to give one-time grants of up to $2,000 to help pay for security deposits and first month's rent.
- Sets requirements that applicants must meet, including being honorably discharged from a U.S. military branch and having an income at or below 140% of the area median income.
- Requires proof such as a DD-214 form or other acceptable documentation to prove eligibility.
- Gives the Florida Housing Finance Corporation the power to make rules for how the program will work.
Who It Names or Affects
- Low-income veterans who have been honorably discharged from any branch of the U.S. Armed Forces and live in Florida.
- The Florida Housing Finance Corporation, which is responsible for managing the grant program.
Terms To Know
- DD-214 form
- A document issued by the military to veterans at the time of their discharge that shows details about their service and status.
- Area median income
- The middle point of household incomes in a specific area, used as a reference for determining eligibility based on income level.
Limits and Unknowns
- The bill did not pass the final stages and died in the Community Affairs committee.
- It is unclear how many veterans will apply or receive assistance under this program.
- The exact rules for implementation have yet to be determined by the Florida Housing Finance Corporation.