New Jersey

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

The New Jersey Housing and Mortgage Finance Agency is proposing to readopt its rules without amendments.

The New Jersey State Senate recently passed a bill that would dismantle the state’s Council on Affordable Housing (COAH) and eliminate affordable housing development quotas imposed on the state’s towns and municipalities.

The New Jersey Assembly’s Environment & Solid Waste Committee voted out of committee A1851, the Historic Property Revitalization Act (HPRA), which would create a state historic tax credit program.

New Jersey Governor Chris Christie this week proposed a new plan that would reduce the state’s control over how New Jersey’s towns and municipalities meet their obligation to provide affordable housing.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan has named Adolfo Carrión to serve as the Regional Director for New York and New Jersey. Carrión, is currently Deputy Assistant to the President and Director of the White House Office of Urban Affairs.

The New Jersey Housing and Mortgage Finance Agency has released a draft of its proposed 2010 qualified allocation plan, which establishes selection criteria, application requirements, application fees, program restrictions and standards used for governing the state’s low-income housing tax credit (LIHTC) program.

The New Jersey Housing and Mortgage Finance Agency has released its 2010 timeline for the state’s low-income housing tax credit (LIHTC) program.

New Jersey’s state lawmakers recently introduced legislation that would make New Jersey the 31st state to offer a historic rehabilitation tax credit, aimed at helping revitalize historic buildings as well as spur job creation and economic growth.

The New Jersey State Legislature is considering a bill that would abolish the state’s Council on Affordable Housing, and transfer control of affordable housing programs to municipalities and the State Planning Commission.

The Obama Administration recently announced nine more individuals who will serve as their State’s Director of Rural Development at the U.S. Department of Agriculture (USDA). The directors will work with USDA to help manage over 40 programs that USDA’s Rural Development administers to provide affordable housing and improve the economic stability for rural communities across the country.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).

New Jersey’s Housing & Mortgage Finance Agency has published guidelines for the tax credit assistance program (TCAP), including project eligibility, selection criteria, awards process, commitment and expenditure deadlines and federal grant requirements.