Yearly Archives: 2015

The New Jersey Division of Taxation has issued letters to the municipal governments of Jersey City, Dunellen and Elizabeth informing them that it will conduct an investigation in accordance with N.J.S.A. 54:1-26 to determine whether to order a revaluation of the properties within their boundaries.

The New Jersey Housing and Mortgage Finance Agency (HMFA), an affiliate of the New Jersey Department of Community Affairs (DCA), together with New Jersey Department of Human Services, Division of Aging Services (DoAs) recently launched the Money Follows the Person Housing Partnership Program (MFPHPP). This innovative loan program will provide $2.85 million in capital subsidy to eligible nonprofit and for-profit developers to build rental housing for individuals transitioning from nursing facilities to community settings.

Legislation sponsored by Assembly Republicans Nancy F. Muñoz and Jon Bramnick capping the amount licensed public adjusters can charge clients for a catastrophic loss was released by the Assembly Financial Institutions and Insurance Committee today. The bill (A-476) limits payments to no more than 10 percent of an insurance claim settlement.

A bill sponsored by Assemblyman Parker Space and Assemblywoman Gail Phoebus advanced today by the Health and Senior Services Committee will save time and money for family members after the loss of a loved one in a nursing facility. The bill (A-3343) requires nursing homes to encourage residents to designate a beneficiary to accept any remaining money in their personal needs allowance (PNA) accounts. The time-consuming probate process is avoided when the money passes directly to a survivor.

U.S. Senators Bob Menendez and Cory Booker (both D-NJ) today applauded a $1,073,000 commitment from the U.S. Environmental Protection Agency (EPA) for Ocean County College, the New Jersey Sports and Exhibition Authority, and the New Jersey Department of Environmental Protection (DEP) to better protect wetlands throughout New Jersey.

Assemblyman Ron Dancer, continuing efforts to protect the public from dangerous high-pressure gas pipelines, has introduced a pair of bills safeguarding neighborhoods from risky procedures

53% of all Paterson residents live in true poverty and have difficulty paying for food and basic necessities, let alone presents and holiday celebrations. To make their Christmas special, New Jersey Community Development Corporation’s (NJCDC’s) AmeriCorps members are spending the holiday season collecting toys, gifts, and food through the organization’s 22nd Annual Holiday Gift & Food Drive.

During the President’s Installation at the Triple Play Realtor Convention & Trade Expo, Tg Glazer, of Westfield, was named the 2016 New Jersey Realtors president. Robert Oppenheimer, of Cliffside Park, was named the 2016 president-elect; Christian Schlueter, of Lanoka Harbor, was named the 2016 first vice president; and Jeffrey Jones, of Parsippany, was named the 2016 treasurer.

During the President’s Installation at the Triple Play Realtor Convention & Trade Expo, Tg Glazer, of Westfield, was named the 2016 New Jersey Realtors president. Robert Oppenheimer, of Cliffside Park, was named the 2016 president-elect; Christian Schlueter, of Lanoka Harbor, was named the 2016 first vice president; and Jeffrey Jones, of Parsippany, was named the 2016 treasurer.

Congressman Tom MacArthur today announced the inclusion of his natural gas access and infrastructure legislation in the North American Energy Security and Infrastructure Act of 2015 that recently passed the full House of Representatives.

Applications for the popular Assistance to Firefighters Grant (AFG) offered by the federal government will be accepted beginning Monday, Dec. 7 and ending Friday, Jan. 15, 2016 at 5 p.m. Eastern Time.

Three deserving Realtors will receive the 2015 New Jersey Realtors Good Neighbor Awards during a ceremony on December 8 at the Triple Play Realtor Convention & Trade Expo in Atlantic City. The New Jersey Realtors Good Neighbor Awards recognize individuals who have made extraordinary commitments to community service programs throughout the state.

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.