Charles A. Richman, who has more than 40 years’ experience in state government, was appointed as Executive Director of the New Jersey Housing and Mortgage Finance Agency (NJHMFA) by the board at its January 25 meeting.
“Chuck Richman brings a dedication and devotion to public service and the goal of providing affordable housing opportunities to his new role in leading the New Jersey Housing and Mortgage Finance Agency,” said Lt. Governor Sheila Y. Oliver, who also serves as commissioner of the New Jersey Department of Community Affairs (DCA). “Under his leadership, the agency will continue to grow and fulfill its mission in meeting the needs of New Jersey residents.”
For the past 31 years, Richman had worked at DCA where he spearheaded effective policy in areas of affordable housing, fire safety, community planning and economic revitalization, and budget development. He was responsible for regulatory reform in a variety of building and housing codes; evaluations of municipal operations; formulation of legislative strategies; preparation of department budgets and priorities; contract management; and supervision of operating divisions.
In the aftermath of Superstorm Sandy, he helped lead efforts in providing displaced families with housing options and in administering federal Community Development Block Grant Disaster Recovery funds to assist homeowners, renters, and local governments in their Sandy recovery and rebuilding efforts.
Prior to joining DCA in 1986, Richman served as executive director of the New Jersey State Energy Office, and assistant commissioner and then acting commissioner of the New Jersey Department of Energy. He was named assistant commissioner of DCA in 1986, promoted to deputy commissioner in 2005, and held the title of DCA’s acting commissioner three times.
His latest role was as DCA commissioner, a position he had held since June 2015.
NJHMFA, which is an affiliate of DCA, is a leader in providing and advocating for affordable housing and home ownership throughout the state. The Agency provides financing to developers to create quality homes, and provides mortgage loans, and down payment and closing cost assistance to help homebuyers achieve their dream of home ownership.