Permits certain portion of municipal development trust funds to be spent on housing affordability assistance to veterans.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows some municipal development trust funds, typically used for affordable housing, to be used for assistance to veterans seeking to buy homes. Specifically, up to 30% of these funds can be directed to a local program offering grants for down payments to first-time homebuying veterans, with individual grants capped at $15,000. The bill aims to support veterans in accessing affordable housing options within their communities.
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