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 (HMFA) published its 2021 Unified Application (UNIAP) for HMFA Multifamily Rental Housing Production Programs.

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) will not make any changes to its 2021 nine percent LIHTC round. The timeline for the 2021 round is available here. Projects seeking construction and/or permanent financing from NJHMFA should contact the Multifamily Supportive Housing and Lending Division as soon as possible.

New Jersey Housing and Mortgage Finance Agency’s (NJ HMFA) Technical Services department has developed a condensed specification format to assist architects with their Construction Document submission for review by the Agency.

New Jersey Housing and Mortgage Finance Agency published updated Selection, Underwriting and Financing Guidelines and Policy, which became effective on December 10, 2020.

New Jersey Housing and Mortgage Finance Agency (NJ HMFA) updated the Unified Application For Housing Production Programs (UNIAP), effective Dec. 21, 2020. Changes include the following: Clarification on the application process; Updates to available programs; Income Averaging selection box; and Updated lists of documents required for application.

Melanie Walter was appointed as executive director of New Jersey Housing and Mortgage Finance Agency (NJHMFA) at its December 10 board meeting. Walter served as Department of Community Affairs (DCA) director of the Division of Local Government Services (DLGS) and Local Finance Board chairwoman for two and half years, first as acting director, then under permanent appointment.

Charles Richman, executive director of the New Jersey Housing and Mortgage Finance Agency (NJHMFA) will be retiring from public service as of December 31, 2020 after nearly 50 years.

The National Housing Trust and Climate Central released an analysis evaluating the risk to affordable housing from flooding related to sea-level rise over the next 30 years. The report found, among other items, that the number of affordable rental apartments at risk from coastal flooding and sea-level rise is expected to more than triple during the next three decades.

The New Jersey Housing and Mortgage Finance Agency (NJ HMFA) will hold a webinar on how New Jersey’s Clean Energy Program is providing incentives for multifamily projects and offering enhanced incentives for affordable housing facilities. Enhanced incentives which can be up to double the normal incentive! The webinar will be held on December 9, 2020 […]

The New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) Special Needs Housing Subsidy Loan Program (SNHSLP) is the first major new funding source in seven years for special needs housing. Under the new program, NJHMFA will provide financing, in the form of loans, to eligible not-for-profit and for-profit developers, as well as government entities at the state, county and local level for new construction or the rehabilitation of housing.

The Federal Reserve Bank of Philadelphia updated its Rental Housing Affordability Data Tool for households in Pennsylvania, Delaware and New Jersey. The newly updated data suggest that housing insecurity was widespread among lower-income renters in the Third District even prior to the Coronavirus pandemic and the associated economic downturn.

Bellwether Enterprise Real Estate Capital LLC announced the acquisition of Maher Commercial Mortgage, LLC. The team, led by Thompson Maher, is based in Philadelphia and will continue to focus on the Pennsylvania, New Jersey and Delaware markets.