The New Jersey Housing and Mortgage Finance Agency (NJHMFA) determined the annual increase in the overall Consumer Price Index for New York-Newark-Jersey City to be 6.2 percent. Effective January 1, 2023, the maximum fees that can be paid from project funds for Agency-approved attorney services are as follows:

  • General legal matters: up to $232.00/hour;
  • Tenancy actions
    • For each of the first two cases (requiring court appearance) on the same day up to $183.00;
    • For each additional case presented on the same day up to $136.00; and
    • For each case prepared for trial but resolved prior to actual court appearance up to $93.00; and
  • General litigation
    • Non-trial hours up to $322.00/hour; and
    • Trial hours up to $370.00/hour.