New Jersey

It is with great sadness that we report that our friend and colleague Preston C. Moore passed away at his home on Tuesday July 5 at the age of 84.  Preston was the President of Urban Home Ownership Corporation in New York City and one of the founding members and a longtime Director of National […]

As of May 26, HMFA will prioritize Superstorm Sandy projects receiving Fund for the Restoration of Multifamily Housing (FRM) and/or Sandy Special Needs Housing Fund (SSNHF) funds and Non-Sandy projects that have received an HMFA commitment.

In order to improve specific underwriting criteria and set benchmarks in CHOICE projects, New Jersey HMFA’s Board recently approved additional changes to the CHOICE 2015 Program.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Rittenberg Manor provides 100 home to seniors over the age of 62, and sets aside five of those units for homeless individuals. The new affordable apartment community in Egg Harbor City, NJ, which is providing homes to seniors displaced by Hurricane Sandy, has earned an ENERGY STAR certification.

The New Jersey Department of Community Affairs announced the availability of 300 State Rental Assistance Program (SRAP) project-based vouchers for the purpose of creating affordable housing for very low-income family and disabled households.

New Jersey Housing & Mortgage Finance Agency and the New Jersey Economic Development Authority will host the 2015 Governor’s Conference on Housing and Economic Development on October 27-28, 2015.

New Jersey Housing and Mortgage Finance Agency has extended the deadline for projects planning to submit applications for the 2015 9% Mixed Income Reserve to noon on August 28, 2015. NJHMFA released a revised QAP timeline based on the new deadline.

The New Jersey Housing and Mortgage Finance Agency announced the 2015 Unified Application for HMRA Multifamily Rental Housing Production Programs is now available to be downloaded for all Agency funding. The deadline to submit applications for the 9% Tax Credit round are as follows:

The New Jersey Housing and Mortgage Finance Agency announced the 2015 Unified Application for HMRA Multifamily Rental Housing Production Programs is now available to be downloaded for all Agency funding. The deadline to submit applications for the 9% Tax Credit round are as follows:

The New Jersey Housing and Mortgage Finance Agency will propose an amendment to its Qualified Allocation Plan later this month. The amendment is being proposed to eliminate a disparity between housing projects that apply for nine-percent tax credits and those that apply for tax credits entirely from volume cap (known as four-percent tax credits) by implementing a seven-year period of ineligibility from participation in the LIHTC program for any general partner, voting member, developer, or related party who owned a managing or controlling interest in an LIHTC project when title was foreclosed thereon by entry of judgment or deed in lieu of foreclosure or that has ongoing uncorrected issues of non-compliance.

Collection of State Housing Finance Agency from across the nation for the week of October 27.