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 Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates a matching grant program to help members of the U.S. Armed Forces and the New Jersey National Guard who have served in specific military operations purchase their first homes in New Jersey. The program, administered by the New Jersey Housing and Mortgage Finance Agency, offers a dollar-for-dollar match up to $10,000 for closing costs and other home-buying expenses. Eligibility requires a minimum of 90 days of active duty service in designated operations, New Jersey residency, and an intent to purchase a principal residence in the state.
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Document of record
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Sponsors
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2 on record
Primary sponsors
James Beach
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