Establishes a housing purchase matching grant program for U.S. Armed Forces and New Jersey National Guard members.
The bill creates a housing purchase matching grant program for members of the United States Armed Forces and the New Jersey National Guard who have served in specific military operations. The New Jersey Housing and Mortgage Finance Agency will administer the program, which provides dollar-for-dollar matching grants up to $10,000 for eligible personnel. Eligible members must provide proof of at least 90 days of service on active duty in Operation Noble Eagle, Operation Enduring Freedom, or Operation Iraqi Freedom, legal residency in New Jersey, and intent to purchase a principal residence in.
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