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Bill > S171
NJ S171
NJ S171Permits 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
03/02/2023
03/02/2023
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 to be used for a program to assist first-time homebuying veterans with grants for down payment assistance, with individual participants eligible for up to $15,000. The bill defines veterans as all persons having veteran status as enumerated in existing law, and specifies that such payments shall not be considered as income or resources for the purposes of determining eligibility or extent of eligibility for public assistance or for tax purposes.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (5)
Christopher Connors (R)*,
Linda Greenstein (D),
Jim Holzapfel (R),
Fred Madden (D),
Shirley Turner (D),
Last Action
Referred to Senate Budget and Appropriations Committee (on 03/02/2023)
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/S171 |
| Analysis - Statement SCU 3/2/23 | https://pub.njleg.gov/Bills/2022/S0500/171_S1.PDF |
| Analysis - Technical Review Of Prefiled Bill | https://pub.njleg.gov/Bills/2022/S0500/171_T1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S0500/171_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S0500/171_I1.PDF |
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