New Jersey

The New Jersey Housing and Mortgage Finance Agency (HMFA) is proposing amendments to the state’s QAP that would provide more incentives for the development of homeless family units, encourage development of mixed-income properties, and limit development in areas already containing a large number of LIHTC properties.

Representative Chris Gibson (R-NY) recently introduced the Irene and Lee Tax Relief Strom Recovery Act, H.R. 3769, which would increase the amount of Low-Income Housing Tax Credits (LIHTCs) to be allocated in states damaged by Hurricane Irene or Tropical Storm Lee in 2011.

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

HUD Secretary Shaun Donovan announced HUD will speed federal disaster assistance to the State of Maryland and provide support to homeowners and low-income renters who have been displaced or whose residences are uninhabitable as a result of Tropical Storm Lee.

HUD Secretary Shaun Donovan announced HUD will speed federal disaster assistance to the State of New Jersey and provide support to homeowners and low-income renters who have been displaced or whose residences are uninhabitable as a result of Tropical Storm Lee.

Acting New Jersey Governor Kim Guadagno on Wednesday signed legislation that extends the moratorium on the imposition of fees on non-residential construction projects.

HUD’s Economic and Market Analysis Division has prepared three new Comprehensive Housing Market Analyses for the following markets

After more than a year of deliberating, New Jersey Governor Chris Christie has announced that the state is abolishing its Council on Affordable Housing, which previously enforced the state’s affordable housing obligations.

The Census Bureau and HUD have released new housing data files for the following Metro Areas.

New Jersey Governor Chris Christie last week vetoed a bill that would have created a state historic rehabilitation tax credit program in New Jersey.

HUD’s Economic and Market Analysis Division has released a Comprehensive Housing Market Analysis for the Atlantic City-Hammonton, New Jersey market area.

NH&RA Historic Preservation Development Council Member MacRostie Historic Advisors has posted an excellent state historic tax credit update on its website.