Creates home purchase grant program in HMFA for certain veterans who served in federal active duty; appropriates $2 million.
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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 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 veterans with closing costs and other home-buying expenses. It prioritizes veterans who also qualify for other homebuyer assistance programs and does not impose income restrictions. The bill also appropriates $2 million to fund the program.
Bill text
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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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