The bill would require the Secretary of Housing and Urban Development to establish, within one year of enactment, a program providing tenant-based assistance vouchers to eligible graduate and professional students. Selected students would receive vouchers covering 80 percent of the fair-market rental cost of their chosen housing unit. Eligibility would depend on enrollment and income limits of $40,000 for certain single-parent or independent applicants and $80,000 for certain two-parent or married applicants, subject to possible cost-of-living adjustments.

FactVote-generated overview; it is not an official CRS summary.