New Jersey

The following government funding programs, contacts and resources are available in New Jersey:

NJ State

 

Programs
The following programs are available to you in the state.

Low Income Housing Tax Credit (LIHTC) Program
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609-278-7400
The Federal Low Income Housing Tax Credit Program enjoys the reputation of being the most successful federal housing program in history. The credit, a dollar for dollar reduction in federal tax liability, acts as a catalyst to attract private investment into the historically underserved affordable housing market. The additional capital mitigates the debt burden incurred in the construction and rehabilitation development process. Consequently, less rental income is necessary for operations.

Each state is currently vested with $2.00 worth of credits per capita, giving New Jersey approximately 16.5 million credits to allocate annually. As a 10-year credit, the gross annual present value is over $140 million. Additional tax credits can be generated in conjunction with qualified tax-exempt bond financing under 26 U.S.C. §142

CHOICE Program
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609-278-7400
CHOICE is the Agency's comprehensive financing program for the development of newly constructed and substantially rehabilitated homeownership housing in New Jersey. The program features below-market interest rate construction loans and construction subsidy funding for developers as well as favorable end loan financing for eligible homebuyers. CHOICE aims to promote both viable and affordable markets as needed in urban and suburban municipalities while also enabling opportunities for workforce and middle-income homeownership.

Special Needs Programs
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609-278-7603
HMFA's Supported Housing and Special Needs Programs Department administers financing and support programs for service-enriched housing developments and housing for people with special needs and provides technical assistance and coordination within HMFA and with other state agencies. The Department works to improve the housing situation for some of New Jersey's most vulnerable citizens, including people with developmental disabilities, mental health consumers, the homeless, the frail elderly, people with HIV/AIDS, youth who are aging out of foster care, youth leaving the juvenile justice system, ex-offenders re-entering communities, and other under-served communities.

Multifamily Weatherization Assistance Program (MF WAP)
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609.278.7408

The Multifamily Weatherization Assistance Program is for owners of multifamily property of 5 units or more in size that have an existing primary permanent mortgage with NJHMFA. This program is funded through the NJ Department of Community Affairs (DCA) grant received from the national Weatherization Assistance Program funded by the U.S. Department of Energy and will provide grants for energy efficiency upgrades to existing properties. The maximum subsidy will be $5,000 per eligible unit.
Website:

Multifamily Solar Funding Pilot
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609.278.7408

The Multifamily Solar Funding Pilot program is for owners of multifamily property of 5 units or more in size that have an existing primary permanent mortgage with HMFA or proposed rental housing project to be renovated with an HMFA primary permanent mortgage to install solar photovoltaic (PV) renewable energy systems of at least 20 kW in size. The financing will be in the form of a 0% loan based upon the expected Solar Renewable Energy Certificate (SREC) production for 15 years at a maximum value of $400/SREC and the SRECs will be assigned to HMFA for 15 years as repayment. This program will run in conjunction with the NJ Clean Energy Program's Renewable Energy Incentive program and Federal Business Energy Investment Tax Credits/Renewable Energy Grants.

Multifamily Energy Efficiency Improvement Pilot (MEEIP)
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609.278.7408

The Multifamily Energy Efficiency Improvement Pilot (MEEIP) is for owners of multifamily property of 5 units or more in size and over 20 years old in age that have an existing primary permanent mortgage with HMFA or proposed rental housing project to be renovated with an HMFA primary permanent mortgage. The financing will be at an interest rate of 2% limited to $2,000 per unit not to exceed $500,000 in total.
Website:

Community Development Block Grant (CDBG)
PO Box 800
Trenton, NJ 08625-0800
Phone: (609) 633-6283

Provide funds for economic development, housing rehabilitation, community revitalization and public facilities designated to benefit people of low and moderate-income or to address recent local needs for which no other source of funding is available.

LIHTC Green Point

637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609.278.7408

NJHMFA administers the Federal Low-Income Housing Tax Credit (LIHTC) - Qualified Allocation Plan (QAP). ENERGY STAR certification has been a threshold requirement in the QAP since 2003; creating buildings that are 15 - 30% more energy efficient than those built to code. In 2006, a green point was added to the QAP, which awarded one point for either installing a Solar Photovoltaic system or for participating in the state's Affordable Green program, now called the Green Future program. In 2007, another category was added as an option for the Green Point - Leadership in Energy and Environmental Design (LEED) certification. In 2009, the Microload category was added as a fourth option, allowing those projects that are accepted into the New Jersey Climate Choice Pilot Program to earn the Green Point
Website:

CHOICE Green
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609.278.7408

The Choices in Home Ownership Incentive Created for Everyone (CHOICE) Program supports the construction or substantial rehab of single-family homes. The CHOICE Program is designed to provide home ownership opportunities for low, moderate, market, and emerging market units - through low interest financing and subsidies. In addition to ENERGY STAR certification, CHOICE now requires all units to participate in the Green Future - for CHOICE program. Projects receiving subsidies are required to complete 20 mandatory Green Building elements, and select an additional 3 from the remaining elective elements.

Special Needs Housing Trust Fund (SNHTF)
637 South Clinton Avenue
P.O. Box 18550
Trenton, NJ 08650
Phone: 609.278.7603

The Special Needs Housing Trust Fund (SNHTF) provides capital financing to create permanent supportive housing and community residences for individuals with special needs. The SNHTF Guidelines identify a set of priority considerations for projects seeking funding. One of these priorities is that projects demonstrate good and appropriate design. The guidelines prioritize funding projects 'that are accepted by the community, have reduced operating and maintenance costs and provide for a healthier environment for residents.'

There are three categories for the design criteria, one of which is Sustainability. The Sustainability guidelines are a part of the Green Future program.
Website:

Neighborhood Stabilization Program (NSP)
PO Box 800
Trenton, NJ 08625-0800
The Neighborhood Stabilization Program provides funding to reduce neighborhood blight and create affordable housing. The funds can be used to purchase, rehabilitate, resell or rent foreclosed and abandoned properties. Funds can also be used to establish financing mechanisms or establish land banks, demolish blighted structures, or redevelop demolished or vacant properties. Funds must be used to assist households with incomes at or below 120% of the area median Income with 25% of the funds used for households with incomes at or below 50% of the area Median Income. The criteria for a competitive NSP grant will include grantee capacity, leveraging potential, concentration of investment to achieve neighborhood stabilization and additional factors determined by the Secretary of Housing and Urban Development. Grantees have to expend at least 50% of allocated funds within 2 years of the date funds become available to the grantee for obligation and 100% of funds within 3 years of such date.

Project-Based Certificate Section 8 Program and the Moderate Rehabilitation Program

The DCA also administers two unit-based components of the Section 8 Housing Program: the Project-Based Certificate Program and the Moderate Rehabilitation Program. These programs offer the same benefits as the Rental Certificate Program except that the subsidy is linked to the building rather than the household. Applicants of the unit-based programs are assisted if they meet the eligibility requirements and reside in or wish to reside in housing which has been rehabilitated through the program. If a participant moves out of an assisted unit, the household will no longer receive housing assistance.

As units become available, applicants included on the unit-based waiting list will be referred to rehabilitated units of the appropriate size. The property owner is solely responsible for tenant selection. If the household is chosen by the owner for a unit, the owner will advise the program representative of the household selected. The household's eligibility for the program must be determined by a program representative prior to any formal commitment of an apartment to the household. As in the Rental Certificate Program, eligible households pay the greater of 30 percent of adjusted monthly income, 10 percent of gross monthly income or $25.00 towards their monthly rent and utility costs. If the owner determines that an applicant from the waiting list is not acceptable for a unit, the owner must notify the program representative in writing of that determination.
Website:

Rental Certificate Section 8 Program and the Rental Voucher Program
The DCA administers two Section 8 Tenant-Based Assistance Programs: the Rental Certificate Program and the Rental Voucher Program. Both of these programs provide housing subsidies so that eligible households can rent housing in the private market.

Energy Efficient Appliance Rebate Program
New Jersey Clean Energy Program
The State of New Jersey will implement an instant and mail-in rebate program that will help residents replace older, inefficient appliances with new, efficient ENERGY STAR� qualified and ultra-efficient models. Rebates for oil and propane boilers and furnaces and propane storage and propane tankless water heaters began February 1, 2010. Rebates for the refrigerators, clothes washers, dishwashers, central air conditioners, air source heat pumps, and ground source heat pumps are scheduled to begin on April 1, 2010. Rebates are subject to availability so check the Web site for updates. Rebates may be offered for a limited time only. Rebates for electric heat pump and solar gas backup water heaters are tentatively scheduled to begin in April. The rebate program will end when funds run out.Residents are encouraged to recycle their old appliances, and can receive a larger rebate by recycling their refrigerators.

Eligible Products:
* Refrigerators
* Clothes washers
* Dishwashers
* Gas storage water heaters
* Gas tankless water heaters
* Electric heat pump water heaters
* Solar water heaters (gas back up)
* Oil furnaces
* Propane furnaces
* Propane boilers
* Oil boilers
* Central air conditioners
* Air source heat pumps
* Geothermal heat pumps

Program running 4/1/2010 - will end when funds are depleted

Senators
Politics plays a key roll in your success.  Your members of Congress may help you move your deals forward. Here's who you want to reach out to.

Cory A. Booker(D-NJ)
141 Hart Senate Office Building
Washington Dc 20510
Phone: (202) 224-3224
Email: Contact Online

Robert Menendez (D-NJ)
528 Hart Senate Office Building
Washington Dc 20510
Phone: (202) 224-4744
Email: Contact Online

House Representatives
State Representatives don't want boarded up properties or unaffordable housing in their districts. Reach out to them for a helping hand in getting your applications reviewed.

Rep. Robert Andrews [D, NJ-1]:  RESIGNED FEBRUARY 2014

Rep. Frank LoBiondo [R, NJ-2]

Rep. Jon Runyan [D, NJ-3]

Rep. Christopher Smith [R, NJ-4]

Rep. Scott Garrett [R, NJ-5]

Rep. Frank Pallone [D, NJ-6]

Rep. Leonard Lance [R, NJ-7]

Rep. Albio Sires [D, NJ-8]

Rep. Bill Pascrell Jr. [D, NJ-9]

Rep. Donald Payne [D, NJ-10]

Rep. Rodney Frelinghuysen [R, NJ-11]

Rep. Rush Holt [D, NJ-12]

 

 

Large Cities and Communities

The following larger cities and communities are most likely to offer local programs:

   

  • Bayonne


Bayonne Community Development & Grants Management

Bayonne Economic Foundation

Bayonne Urban Enterprise Zone

 

  • Camden


Camden Department of Planning & Development

Camden ReDevelopment Agency

   

  • Clifton


Clifton Department of Economic Development 

  • East Orange


East Orange Department of Policy, Planning & Development

  •   Elizabeth


Various Elizabeth, NJ Program   

    

  •   Jersey City


Jersey City Department of Housing, Economic Development & Commerce

  • New Brunswick


City of New Brunswick Department of Planning & Development

  • Newark 
  • Passaic
  • Paterson
  • Trenton
  • Union City
  • Vineland


 

 

 

 

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