Foster Youth Housing Opportunity Act

The Foster Youth Housing Opportunity Act aims to improve housing stability for current and former foster youth by expanding their access to federal housing assistance and supportive services. It amends existing laws to allow states to use funding for services such as financial literacy counseling, help with lease contracts, and assistance with security deposits and moving costs. The bill also clarifies that these supportive services do not count toward spending limits on room and board, enabling more funds to be used for housing support. Additionally, it requires the Departments of Health and Human Services and Housing and Urban Development to create joint guidance within a year to better coordinate programs for youth aging out of foster care. Finally, the act mandates a report to Congress within three years detailing how many eligible youth are receiving housing aid and the outcomes of these programs.