On April 10, the governor used a groundbreaking for Petersen Commons in Woodbridge, a 60-unit 100% affordable senior and veterans housing community, to highlight an $11 million FY2027 budget allocation for the existing Bringing Veterans Home initiative. The release says that program has already supported more than 1,450 permanent housing placements and that state agencies are anticipated to reach all known homeless veterans this year.
Since its launch, the Bringing Veterans Home program has supported more than 1,450 permanent housing placements.
The New Jersey Department of Community Affairs and the New Jersey Department of Veterans Affairs are anticipated to reach all known homeless veterans this year.
The brand-new Petersen Commons community, expected to be completed in the spring of 2027, will provide affordable housing opportunities for older adults 55+, with a preference given to veterans.
These initiatives are part of a broader housing strategy outlined in Governor Sherrill’s FY 2027 budget, including $70 million for the Affordable Housing Trust Fund and increasing down payment support for first-time home buyers. In addition, the budget is designed to help brace against the impact of Trump Administration cuts to emergency housing programs.
The Sherrill Administration also intends to spend $25 million to expand programs to address homelessness more broadly across the state.