New Jersey establishes a home purchase grant program for veterans who served in federal active duty, providing up to $10,000 in matching grants.

The bill creates a home purchase grant program in New Jersey for veterans who served in federal active duty. The New Jersey Housing and Mortgage Finance Agency will administer the program, which provides matching grants up to $10,000 to eligible veterans. These funds can be used for closing costs, equity payments, or any other purpose that assists in purchasing a home. To qualify, a veteran must provide proof of at least 90 days of federal active duty service, legal residency in New Jersey, and intent to purchase a principal residence in the state.

New Jersey establishes a home purchase grant program for veterans who served in federal active duty, providing up to $10,000 in matching grants.

The bill creates a home purchase grant program in New Jersey for veterans who served in federal active duty. The New Jersey Housing and Mortgage Finance Agency will administer the program, which provides matching grants up to $10,000 to eligible veterans. These funds can be used for closing costs, equity payments, or any other purpose that assists in purchasing a home. To qualify, a veteran must provide proof of at least 90 days of federal active duty service, legal residency in New Jersey, and intent to purchase a principal residence in the state.