S 2896 New Jersey Senate · 2024-2025 Regular Session

Creates home purchase grant program in HMFA for certain veterans who served in federal active duty; appropriates $2,000,000.

This bill creates a $2 million home purchase grant program for New Jersey veterans who served at least 90 days in federal active duty. It provides matching grants of up to $10,000 per veteran (dollar-for-dollar) to cover closing costs, equity payments, or other home-buying expenses, without requiring income eligibility. To qualify, veterans must prove NJ residency, federal service history, and intent to buy a NJ primary residence, with priority given to those eligible for other state homebuyer programs. The New Jersey Housing and Mortgage Finance Agency will administer the program in coordination with the Department of Military and Veterans Affairs.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 4, 2024 Last action Mar 4, 2024
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Mar 4, 2024
Introduced
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
upper
2 primary · 0 co-sponsors

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