NJEDA approves over $500M in tax credits for redevelopment projects across N.J.

NJ SEED
Sep 23, 2025
1 min read

September 19, 2025 | binje.com

The New Jersey Economic Development Authority (NJEDA) Board has approved five redevelopment projects for tax credit awards under the Aspire Program and the Historic Property Reinvestment Program (HPRP). These projects, located in Essex, Mercer, and Middlesex counties, are set to create more than 1,146 new housing units, with 544 designated as affordable.

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NJ SEED: The NJEDA tax credit awards will generate construction jobs for the Historic Property Reinvestment Program by creating over 1,000 new housing units, nearly half of them affordable housing. A double win.

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