A Senate committee advanced legislation introduced by Senator Christopher J. Connors, Assemblyman Brian E. Rumpf and Assemblywoman DiAnne C. Gove that would permit municipalities to set aside certain portion of municipal development trust funds to provide housing affordability assistance to veterans.
A senate panel advanced legislation sponsored by Connors, Rumpf & Gove to provide housing opportunities for veterans. (©iStock)
The 9th District delegation made the followed remarks regarding the advancement of their bipartisan veterans’ legislative initiative (S-938) by the Senate Community and Urban Affairs Committee:
“This legislation offers a practical means of expanding existing affordable housing assistance programs and services for veterans, who are deserving of special consideration in light of their service to our nation.
“Current law already allows municipalities that are permitted to collect affordable housing fees to designate funds for downpayment assistance, security deposit assistance, low interest loans or rental assistance. Under our legislative initiative, municipalities would be authorized to create a housing assistance program specifically for veterans with the fees collected.
“Specifically, our legislation would provide that up to 30 percent of the development fee amounts could be earmarked to provide grants for downpayment assistance for first-time homebuying veterans. Grants under municipal programs would be limited to $15,000 per recipient.
“To prevent veterans from being disqualified from other services, the down payment assistance would not be considered as income concerning eligibility requirements for other State programs, or for purposes of taxation.”
The identical companion measure, A-985, sponsored by Assemblyman Rumpf and Assemblywoman Gove is presently awaiting action by the Assembly Housing and Community Development Committee. The measure also enjoys bipartisan sponsorship.
Members of the 9th Legislative District delegation serve on the Senate and Assembly Military and Veterans’ Affairs Committees.
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