The New Jersey Housing and Mortgage Finance Agency updated its Multifamily Underwriting and Financing Guidelines and Policy, effective as of June 25, 2020. These Multifamily Policies have been amended to include requirements for the allocation of Sandy Disaster Recovery Program subsidies as provided in the 2014 “Voluntary Compliance Agreement and Conciliation Agreement” (VCA) with HUD. In order to equitably prioritize projects to serve renters displaced by Superstorm Sandy, new policies are outlined below for “Eligible Projects” and “Marketing Plans” to reflect the Agency’s guidelines for subsidies through the Fund for Restoration of Multifamily Housing (FRM). General HUD Disaster Recovery funding policies also have been added.