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From The Governor's Office:

NJHMFA Board Meeting Delivers Key Housing Policy Advancements in Tax Credits and Multifamily Programs


October 19, 2023 | nj.gov




Credit: Gov. Phil Murphy (Edwin J. Torres/ Governor's Office)


New Jersey Housing and Mortgage Finance Agency (NJHMFA) approved two new programs, the Urban Preservation Program (UPP) and Workforce Housing Program (WHP), while committing funding to 15 new Low-Income Housing Tax Credit (LIHTC) developments at its October 19 Board meeting.


“The HMFA Board advanced resolutions committing funds to a broad variety of new developments, each of which will bring safe, high-quality, long-lasting, and affordable housing to communities across our State,” said Executive Director Melanie R. Walter. “Governor Murphy and the Legislature have made record investments in affordable housing production during the past two State budget cycles. This unprecedented support has enabled NJHMFA to leverage federal funds to expand our successful Affordable Housing Production Fund and create two new specialized programs that will help preserve affordable housing in dozens of communities and create many new high-quality housing opportunities for New Jersey residents.”


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