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 directly affects eligible veterans meeting three criteria: NJ residency, intent to buy a NJ primary residence, and proof of qualifying military service. The program provides up to $10,000 in matching grants (dollar-for-dollar) to cover closing costs, equity payments, or other home purchase expenses, with no income requirements. Veterans may also receive priority if eligible for other state homebuyer programs. The program is administered by the agency in coordination with the Department of Military and Veterans Affairs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Housing Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Gerry Scharfenberger
RRepublican
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