Allows municipalities to use up to 30% of development fees for veterans' housing assistance.
This bill amends existing law to allow municipalities to use up to 30% of development fees for housing affordability assistance to veterans. Specifically, it permits grants of up to $15,000 per veteran for downpayment assistance on first-time home purchases. These grants are not considered income for eligibility in other state programs or for tax purposes. The bill also ensures that the use of development fees for veterans' assistance does not affect eligibility for other state programs.
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