ASSEMBLY MILITARY AND VETERANS' AFFAIRS COMMITTEE

STATEMENT TO

ASSEMBLY, No. 5306

STATE OF NEW JERSEY

DATED:  FEBRUARY 13, 2025

      The Assembly Military and Veterans' Affairs Committee reports favorably Assembly Bill No. 5306.

      This bill extends the existing affordable housing preference for United States veterans to South Korean veterans who, as determined by the Department of Military and Veterans’ Affairs, served in the Vietnam conflict as allies to the United States, and are citizens and residents of this State.  The bill also extends certain existing affordable housing preferences to surviving spouses and caretakers of South Korean veterans who served in the Vietnam conflict as allies to the United States.

      The bill’s provisions apply to affordable housing in housing projects that are financed by the New Jersey Housing and Mortgage Finance Agency, public housing authorities, county improvement authorities, redevelopment agencies, and the Department of Community Affairs, when acting as a public housing authority.