Loading chat...
NJ S3652
Bill
Status
2/24/2026
Primary Sponsor
Linda Greenstein
Click for details
AI Summary
-
Establishes a home purchase grant program through the New Jersey Housing and Mortgage Finance Agency for veterans who served at least 90 days on federal active duty.
-
Provides dollar-for-dollar matching grants up to a maximum of $10,000 per veteran, with funds applicable to closing costs, equity payments, or other home purchase expenses.
-
Eligibility requires proof of federal active duty service, New Jersey legal residency, and intent to purchase a principal residence in the state; no income requirements apply.
-
Defines "veteran" broadly to include members of the U.S. Armed Forces, reserve components, and New Jersey National Guard.
-
Appropriates $2 million from the General Fund to the Housing and Mortgage Finance Agency for program implementation.
Legislative Description
Creates home purchase grant program in HMFA for certain veterans who served in federal active duty; appropriates $2 million.
Military and Veterans' Affairs
Last Action
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
2/24/2026