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.
This bill creates a $10,000 matching grant program to help eligible military members buy homes in New Jersey. It directly assists U.S. Armed Forces and New Jersey National Guard members who served at least 90 days in Operation Noble Eagle, Enduring Freedom, or Iraqi Freedom, have NJ residency, and plan to purchase a NJ primary residence. Grants cover closing costs, equity payments, or other home-buying expenses on a dollar-for-dollar basis, with no income requirements. The program, funded by a $2 million appropriation, coordinates with the Department of Military and Veterans Affairs and may prioritize applicants also eligible for other homebuyer programs.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
Governor
Introduced May 2, 2024
Last action May 2, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
May 2, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Military and Veterans' Affairs Committee
lower
1 primary · 1 co-sponsor
Sponsors
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