SECTION 1. Notwithstanding any general or special law to the contrary, the department of transitional assistance shall each month deposit into escrow accounts for the benefit of homeless individuals and families receiving assistance under the program of emergency aid to elders, disabled and children, pursuant to Chapter 117A of the General Laws, or receiving assistance under the program of transitional aid to families with dependent children, pursuant to Chapter 118 of the General Laws, an amount equal to the amount by which the department reduces the grants of said individuals and families for lack of shelter expenses. Such escrowed funds shall be available to such individuals and families to obtain and retain permanent housing and to remove barriers to obtaining and retaining housing and shall not be countable toward otherwise applicable asset limits.
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