Creates housing purchase matching grant program for members of United States Armed Forces and New Jersey National Guard who have served in certain military operations.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a housing purchase matching grant program for members of the United States Armed Forces and the New Jersey National Guard who have served in specific military operations. The program, administered by the New Jersey Housing and Mortgage Finance Agency, offers dollar-for-dollar matching grants up to $10,000 to help these veterans purchase a home. Eligibility requires at least 90 days of service in designated operations, New Jersey residency, and an intent to purchase a principal residence in the state. The bill also appropriates $2 million to fund the program.
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