New Jersey

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

QAP New Jersey

New Jersey Releases Utility Allowance Charts 

The New Jersey Department of Community Affairs (DCA) has released the 2023 Utility Allowance Charts effective November 1, 2023.

QAP New Jersey

New Jersey Board Approves Urban Preservation Program, Workforce Housing Program

The New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) board of directors approved two new programs, the Urban Preservation Program (UPP) and Workforce Housing Program (WHP).

QAP New Jersey

NJ Mortgage Finance Agency Makes Changes to QAP Rulemaking

New Jersey Housing and Mortgage Finance Agency announced proposed amendments (repeal and new rule) to the collective rulemaking of the LIHTC Qualified Allocation Plan (QAP).

QAP New Jersey

New Jersey Changes Max LTV from 97 to 85 percent for PFRSNJ Loans

The Board of Trustees of the Police and Firemen’s Retirement System of New Jersey (PFRSNJ) has passed a resolution amending the maximum loan to value (LTV) for new PFRS mortgages.

QAP New Jersey

New Jersey Updates AHPF Guidelines

The New Jersey Housing and Mortgage Finance Agency updated its Affordable Housing Production Fund (AHPF) Guidelines, effective Jan. 12, 2023.

QAP New Jersey

New Jersey Prioritizes AHPF in 2023-2024 Volume Cap Allocation

The New Jersey Housing and Mortgage Finance Agency (HMFA) recently announced the Affordable Housing Production Fund Program and has set aside up to $305 million to provide subsidy financing for projects that are 100 percent affordable and are included in an approved Mount Laurel Fair Share Settlement Agreement.

QAP New Jersey

New Jersey Launches Affordable Housing Production Set Aside Program

New Jersey Housing and Mortgage Finance Agency (NJHMFA) launched the Affordable Housing Production Fund Set Aside (AHPFSA) Program with $60 million from the state’s Coronavirus State Fiscal Recovery Fund. Funds will provide subsidy financing for eligible projects in need of gap financing to support nine percent LIHTC development.

QAP New Jersey

Applications for New Jersey’s ANCHOR Program Due Jan. 31

New Jersey renters earning less than $150,000 may be eligible for relief under the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program.

QAP New Jersey

New Jersey Updates Maximum Attorney Services Fees

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) determined the annual increase in the overall Consumer Price Index for New York-Newark-Jersey City to be 6.2 percent.

QAP New Jersey

New Jersey Announces Affordable Housing Production Fund

The New Jersey Housing and Mortgage Finance Agency (NJHMFA)announced a new Affordable Housing Production Fund (AHPF) Program, which was approved at the Sept. 22, 2022 HMFA board meeting.

QAP New Jersey

New Jersey Hosts Tax Credit Compliance Certification Course – Oct. 25 to 28

The New Jersey Housing and Mortgage Finance Agency is hosting a Tax Credit Compliance Certification Course and Exam at the Hilton Garden Inn in Hamilton, NJ, October 25 to 28 from 9 a.m. to 4 p.m. ET each day.

QAP New Jersey

New Jersey Extends Nine Percent Cost Cap Waiver, Increases TDC Limits by Ten Percent

New Jersey Housing and Mortgage Finance Agency Board voted to approve an extension of the cost cap waiver to include nine percent projects awarded through the close of calendar year 2021.

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