The New Jersey Housing and Mortgage Finance Agency updated its Affordable Housing Production Fund (AHPF) Guidelines, effective Jan. 12, 2023. Revisions include the following:

  • The project must be approved as part of a Fair Share Settlement Agreement and a deviation from the settlement agreement’s unit count and distribution not in excess of five units or five percent of units, whichever is greater, shall be considered de minimis and in compliance with the plan for the purposes of eligibility under this program. Any deviations from the settlement that exceed the de minimis standard must include an order from the relevant court approving the revised plan in order to be considered in compliance for the purposes of this program.
  • The maximum award was increased from $8 million to $10 million.