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

This bill (A 2805) allows New Jersey municipalities to use up to 30% of funds from municipal development fees - collected from residential developers - to provide down payment assistance grants for first-time veteran homebuyers. Each veteran would receive a grant of up to $15,000, and these grants would not count as income for eligibility in other state programs or for tax purposes. The funds must come from existing municipal development trust funds designated for housing affordability assistance under state law. The bill does not create new taxes or fees but redirects a portion of existing development fee revenue toward veteran homebuying support.