Establishes an employer-assisted housing match grant program for nonprofit employees in New York.
The bill creates an employer-assisted housing match grant program to support nonprofit employees in New York. Eligible employers, which include nonprofit agencies funded by specific state offices, can apply for matching grants from the state. These grants cover housing costs such as security deposits, first month's rent, and emergency rental arrears for eligible employees. The state provides a match equal to fifty percent of the employer contribution, up to a maximum of three thousand dollars per employee in any rolling twelve-month period.
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