Monthly Archives: November 2015

Did you have a banner year? Did you hit your sales goal and then some? Submit your application for the NJ REALTORS® Circle of Excellence Award! The award recognizes those members who have demonstrated excellence in the field of salesmanship. This prestigious program comprises two awards

The New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local officials and representatives from Bergen County United Way and Madeline Housing Partners, LLC to celebrate the grand opening of Tenafly Supportive Housing, a six-unit affordable housing development for special needs individuals in Tenafly Township, Bergen County

New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta today announced the award of $31.9 million in federal Low Income Housing Tax Credits (LIHTCs), which will generate $319 million in investment capital to build more than 1,700 rental units across New Jersey.

The six approved projects were selected based on FRM Program guidelines for the program's third round. In the first and second FRM rounds, HMFA allocated $359 million of federal Sandy recovery funds to create approximately 3,180 units of affordable housing.

““The young adults who will participate in the new FreePair Paterson program have been unable to finish high school for reasons that were often out of their control. They have been victims of poverty, crime, abuse and homelessness, “ emphasizes Vicky Hernandez, NJCDC’s Chief Program Officer. “The Impact 100 grant will give these young adults a second chance to become employable, self- sufficient adults.”

The grant for the New Jersey Department of Community Affairs is specifically provided by HUD-VASH’s Extraordinary Administrative Fees (EAF) program. The EAF program is providing 52 public housing agencies across the country with a total of $5.4 million in funding to support innovative practices and develop tools to administer the HUD-VASH program and reduce the amount of time that it takes for a veteran to locate and move into permanent housing.

The New Jersey Wind Energy Area’s 343,833 offshore acres has the potential to support at least 3,400 megawatts of commercial wind energy generation. According to the Department of Energy’s National Renewable Energy Laboratory, this could power an estimated 1.2 million homes. The development area starts about seven nautical miles from shore.