Creates home purchase grant program in HMFA for certain veterans who served in federal active duty; appropriates $2,000,000.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a home purchase grant program within the New Jersey Housing and Mortgage Finance Agency (HMFA) to assist eligible veterans who served in federal active duty. The program offers matching grants, up to $10,000, to help cover closing costs and other home-buying expenses. Veterans must demonstrate at least 90 days of active duty service, New Jersey residency, and an intent to purchase a principal residence in the state. The bill also appropriates $2 million to fund this initiative.
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