New Jersey

The New Jersey Assembly’s proposed Historic Property Reinvestment Act (A791) recently passed the Assembly’s Environment and Solid Waste Committee by a unanimous vote and is scheduled for hearings with the Appropriations Committee and Senate Wagering, Tourism & Historic Preservation Committee.

The New Jersey Housing and Mortgage Finance Agency will now require analysts conducting market studies for proposed LIHTC projects in New Jersey to certify that “he or she is a certified member of the National Council of Affordable Housing Market Analysts.”

The New Jersey Housing and Mortgage Finance Agency has issued its draft 2009 qualified allocation plan (QAP) and market study guidelines for its low-income housing tax credit program.