The New Jersey Housing and Mortgage Finance Agency (HMFA) announced Tuesday that it is now accepting applications for federal low-income housing tax credits (“LIHTC”) for the development of family, senior, and supportive housing projects throughout New Jersey. This announcement relates to the competitive LIHTC, which provides a 9% tax credit as a mechanism of funding construction of affordable housing in New Jersey. HMFA has announced that there is a funding tranche of approximately $28 million dollars in LIHTC funding available. Applications for the family, senior, and supporting housing rounds are due July 24, 2018 at noon.
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Resources of Interest
- CityBiz Real Estate
- CT Department of Energy & Environmental Protection (CTDEP)
- Environmental Protection Agency (EPA)
- International Council of Shopping Centers (ICSC)
- NAIOP – The Commercial Real Estate Development Association
- NJ Department of Environmental Protection (NJDEP)
- NYC Department of Environmental Protection (NYCDEP)
- PA Department of Environmental Protection (PADEP)