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Housing Stabilization Fund: Aid for Homelessness Prevention

This act aims to establish a Housing Stabilization Fund to provide short-term financial assistance to extremely low-income individuals at risk of homelessness. Funds will help cover rent, mortgage payments, utility bills, or minor repairs, preventing homelessness and stabilizing housing situations.
Key points
Establishes a Housing Stabilization Fund, managed by the Department of Housing and Urban Development, to support individuals in difficult situations.
Enables financial assistance for rent, mortgage payments, utility bills, minor housing repairs, and other costs that increase housing stability.
Assistance is targeted at extremely low-income families unable to meet housing obligations due to financial hardship, family, or health crises.
Support can be provided for a maximum of 8 months within a 12-month period, with amounts limited to reasonable market rates.
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Additional Information
Prevent Homelessness Act of 2023
Print number: HR 5277
Sponsor: Rep. Lieu, Ted [D-CA-36]
Process start date: 2023-08-25