The New Jersey Housing and Mortgage Finance Agency (NJHMFA) administers the Affordable Housing Production Fund (AHPF), the Affordable Housing Production Fund Set-Aside (AHPFSA), the Urban Preservation Program (UPP) and the Workforce Housing Program (WHP), through the Coronavirus State and Local Fiscal Recovery Fund (SLFRF).
The funds must be obligated by Dec. 31, 2024, and must be expended by Dec. 31, 2026. Developers seeking financing from NJHMFA for any of the above SLFRF programs are strongly encouraged to work with NJHMFA staff and submit a complete mortgage financing application package to NJHMFAMultifamily@njhmfa.gov as soon as possible. Applications must be reviewed and presented to the NJHMFA Board for a mortgage financing commitment by the Dec. 12, 2024 board meeting. Additionally, all mortgage closings on SLFRF funds must be completed by Dec. 31, 2026. The financing application submission must contain the required documentation as listed in the UNIAP to be deemed a complete financing application. A non-refundable application fee of $1,000.00 must be submitted with the financing application package.
