News From Trenton · June 6, 2023
New Jersey Redevelopment Authority Launches Affordable Housing Support Initiative
nj.gov
Photo Credit: Mary Iuvone | For NJ Advance Media (on nj.com)
Under the Affordable Housing Support Initiative, the NJRA will focus on promoting redevelopment in eligible municipalities by deploying state resources to address affordable housing needs in community redevelopment projects. The program will aid both for-profit and nonprofit developers engaged in developing affordable housing units. By leveraging these funding sources, the initiative aims to accelerate the progress of these projects.
Photo Credit: Mary Iuvone | For NJ Advance Media (on nj.com)
Under the Affordable Housing Support Initiative, the NJRA will focus on promoting redevelopment in eligible municipalities by deploying state resources to address affordable housing needs in community redevelopment projects. The program will aid both for-profit and nonprofit developers engaged in developing affordable housing units. By leveraging these funding sources, the initiative aims to accelerate the progress of these projects.
From NJ SEED: News From Trenton - June 6, 2023.