Establishes Residential Property Repair Program; appropriates $30,000,000.

This bill establishes the Residential Property Repair Program, providing low-interest loans (up to $50,000 per home) to eligible homeowners or prospective homeowners in designated municipalities to fix serious home defects. It directly affects residents with household incomes under 120% of area median income or first responders who intend to purchase or reside in homes with defects like unsafe conditions, lead hazards, or abandonment. Loans require a 5-year residency commitment after repairs (with a $5,000 penalty for early departure) and mandate 8 hours of homebuyer counseling for new homeowners. The $30 million program, funded by federal American Rescue Plan Act funds, is administered by the New Jersey Housing and Mortgage Finance Agency.