New Jersey Affordable Housing Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
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The New Jersey Affordable Housing Trust Fund (previously known as the New Jersey Balanced Housing Program) provided municipalities, nonprofit organizations, and for-profit developers with financial assistance to develop affordable housing. The funding served primarily as gap financing when other public subsidies and private financing was insufficient. Eligible activities included rehabilitation, creation of accessory apartments, conversion of nonresidential space to housing, acquisition of property, and grants to municipalities to study housing need. Local housing authorities were also eligible for assistance with rehabilitation for existing housing. A maximum of $6 million per project is available. This program was inactive for some time and is now being used to fund SRAP and various other housing programs.
Funding Description:
This program was funded through the New Jersey Transfer Tax.
PLEASE NOTE: Some of the information on housing trust funds included in this database was provided by the Center for Community Change (Housing Trust Fund Project). Go to www.housingtrustfundproject.org for more information on State and Local Housing Trust Funds.
Website: http://www.state.nj.us/dca/divisions/dhcr/offices/bh.html
Contact: Keith Henderson, Department of Community Affairs, [email protected], 609-292-4523
