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A 834NEW JERSEYSession 222State Billin committee

New Jersey Bill A834 Establishes $2 Million Home Grant Program for Veterans

Original title: Creates home purchase grant program in HMFA for certain veterans who served in federal active duty; appropriates $2,000,000.

Last action · January 13, 2026: Introduced, Referred to Assembly Housing CommitteeSponsor: Gerry Scharfenberger

Companion · S 3652same policy, Senate version

Bill progressHistory & official text ↓

Introduced

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Floor Vote

Passed

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What This Bill Would Do

Assembly Bill 834 establishes a grant program providing dollar-for-dollar matching grants of up to $10,000 to assist eligible veterans with home purchases, backed by a $2 million from the General Fund. The program requires applicants to have at least 90 days of service, New Jersey residency, and the intent to purchase a principal residence in the State. The measure takes effect immediately upon enactment.

Why it matters

Qualifying veterans receive up to $10,000 in matching funds for closing costs or when buying a home in New Jersey, supported by a $2,000,000 allocation from the state treasury without income eligibility barriers.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Veterans

Eligible veterans meeting active duty and residency requirements can receive up to $10,000 in matching funds for home purchases without income restrictions.

Directly affected

New Jersey Housing and Mortgage Finance Agency

The agency is required to establish and administer the grant program, coordinate with military authorities, promulgate regulations, and manage the $2 million appropriation.

Directly affected

Department of Military and Veterans Affairs

The department must coordinate with the housing finance agency to help set up and implement the veteran grant program.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who qualifies as a veteran under this bill?

A veteran includes any active member of any branch of the United States Armed Forces, any member of the reserve components of the United States Armed Forces, and any member of the New Jersey National Guard who has served at least 90 days on .

Are there income limits to qualify for the grant?

No, the bill explicitly prohibits the New Jersey Housing and Mortgage Finance Agency from establishing income eligibility requirements for the grant program.

What can the grant money be used for?

The funds may be applied to closing costs, , or any other purpose that assists the recipient in purchasing a principal residence in New Jersey.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

1 action

Jan 13, 2026HouseIntroduced
Introduced, Referred to Assembly Housing Committee

Version history

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Lobbying Activity

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Related Legislation

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