New Jersey

New Hampshire Housing is now accepting applications for financing from qualified developers that seek tax-exempt bond financing combined with four percent LIHTCs to construct, preserve or adapt buildings into affordable rental housing throughout the State of New Hampshire. 

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 New Jersey Department of Community Affairs (DCA) has released the 2023 Utility Allowance Charts effective November 1, 2023.

The New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) board of directors approved two new programs, the Urban Preservation Program (UPP) and Workforce Housing Program (WHP).

New Jersey Housing and Mortgage Finance Agency announced proposed amendments (repeal and new rule) to the collective rulemaking of the LIHTC Qualified Allocation Plan (QAP).

The Board of Trustees of the Police and Firemen’s Retirement System of New Jersey (PFRSNJ) has passed a resolution amending the maximum loan to value (LTV) for new PFRS mortgages.

The New Jersey Housing and Mortgage Finance Agency (HMFA) recently announced the Affordable Housing Production Fund Program and has set aside up to $305 million to provide subsidy financing for projects that are 100 percent affordable and are included in an approved Mount Laurel Fair Share Settlement Agreement.

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

New Jersey Housing and Mortgage Finance Agency (NJHMFA) launched the Affordable Housing Production Fund Set Aside (AHPFSA) Program with $60 million from the state’s Coronavirus State Fiscal Recovery Fund. Funds will provide subsidy financing for eligible projects in need of gap financing to support nine percent LIHTC development.

New Jersey renters earning less than $150,000 may be eligible for relief under the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program.

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.

The New Jersey Housing and Mortgage Finance Agency (NJHMFA)announced a new Affordable Housing Production Fund (AHPF) Program, which was approved at the Sept. 22, 2022 HMFA board meeting.