Permits certain portion of municipal development trust funds to be spent on housing affordability assistance to veterans.

This bill allows New Jersey municipalities to use up to 30% of their existing development fee trust funds - collected from residential construction projects - to provide down payment assistance grants for first-time homebuying veterans. Each veteran can receive a grant of up to $15,000, and these grants are excluded from income calculations for other state benefits or taxes. The program is part of a municipality's broader affordable housing initiatives, which already support low- and moderate-income households through similar assistance programs. Municipalities must follow state-administered rules when allocating these funds for veteran-specific down payment help.