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NJ A745
NJ A745Permits certain portion of municipal development trust funds to be spent on housing affordability assistance to veterans.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Permits certain portion of municipal development trust funds to be spent on housing affordability assistance to veterans.
AI Summary
This bill permits up to 30 percent of municipal development trust funds set aside for affordability assistance to be used for a program that provides first-time homebuying veterans with grants of up to $15,000 for down payment assistance. The bill defines "veterans" as those with veteran status under existing state law, and specifies that such payments shall not be considered as income or resources for the purpose of determining eligibility for public assistance or for tax purposes.
Committee Categories
Military Affairs and Security
Sponsors (7)
Daniel Benson (D)*,
DiAnne Gove (R)*,
Brian Rumpf (R)*,
Don Guardian (R),
Kevin Rooney (R),
Parker Space (R),
Harold Wirths (R),
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A745 |
| BillText | https://pub.njleg.gov/Bills/2022/A1000/745_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A1000/745_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A1000/745_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A1000/745_I1.PDF |
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