New Jersey Housing & Mortgage Finance Agency Financing for the 2025 Fall Round for Nine Percent LIHTC Projects 

Important reminder: The deadline for NJHMFA Financing for the 2025 Fall Round for nine percent LIHTC projects is July 7, 2025. 

Important NJHMFA Financing:  Applicants listing NJHMFA financing as a source of funds shall include an executed preliminary approval letter at the time of submission of the nine percent LIHTC application. The executed preliminary approval letter must reflect the same project development budget included as part of the nine percent LITHC application and the underwriting parameters must conform with current NJHMFA Multifamily Underwriting Guidelines and Financing Policy.   

Applicants seeking a preliminary approval letter to include as part of their nine percent LIHTC application must submit a complete mortgage financing application package through the Multifamily and Supportive Housing Lending Portal no later than COB on July 7, 2025. The mortgage financing application submission must contain the required documentation as listed in the UNIAP to be deemed a complete financing application package. Please refer to UNIAP pages 12-13 for the required documentation. The submission of an incomplete mortgage financing application will not be processed, and you will not receive a preliminary approval letter to include in the tax credit application. 

MF Application Fee:  The multifamily financing application fee is $5,000. The application fee for the Special Needs Housing Trust Fund Program is $1,000 for those projects applying to the Supportive Housing Cycle and for projects setting aside additional special needs units beyond the five units needed for points. Application Fees will be automatically calculated, and wiring instructions provided, during the application process through the Multifamily and Supportive Housing Lending Portal. 

Payment of the application fee is required by July 7^th for an application to be processed. Late fees will not be considered. 

Section 811:  Sponsors that wish to apply for Section 811 Project Rental Assistance (Sect. 811 PRA) must submit applications to Lavern Henry, [email protected] by July 7, 2025. 

A separate application for projects seeking nine percent LIHTCs must be submitted directly to the Tax Credit Unit. Please refer to the June 4, 2025, Developer Bulletin for complete application instructions.