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Bill > S3585
NJ S3585
NJ S3585Requires expanded use of affordable housing voucher program funding for homeownership expense assistance.
summary
Introduced
02/13/2023
02/13/2023
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
Requires expanded use of affordable housing voucher program funding for homeownership expense assistance.
AI Summary
This bill requires the expansion of the affordable housing voucher program funding to include a program comparable to the federal Section 8 Housing Choice Voucher Homeownership Program. This will enable households to use a program voucher to buy a home and receive monthly assistance in meeting homeownership expenses. The bill also requires housing authorities that administer the federal Section 8 Housing Choice Voucher Program to use a portion of their funds to implement the Homeownership Program. The Commissioner of Community Affairs is required to adopt rules and regulations to implement the bill within six months of its enactment.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (2)
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/S3585 |
| Analysis - Statement SCU 3/2/23 | https://pub.njleg.gov/Bills/2022/S4000/3585_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S4000/3585_I1.HTM |
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