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As part of the Christie Administration’s ongoing efforts to revitalize the nine counties most impacted by Superstorm Sandy, New Jersey Department of Community Affairs (DCA) Acting Commissioner Charles Richman and New Jersey Redevelopment Authority (NJRA) Executive Director Leslie A. Anderson today announced the award of $500,000 in federal Community Development Block Grant (CDBG) Disaster Recovery funds to cover the predevelopment costs of 30 units of affordable housing in Union County.

Camden, NJ - January 24, 2014 - (RealEstateRama) -- Last Wednesday, Congressman Andrews announced a $3.2 million grant from the Federal Home Loan Bank of New York (FHLB). According to the FHLB, the grant will create between 75 to 100 constructions jobs in South Jersey. The grant, part of the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act 2013, will pay for the rehabilitation of a 304-unit affordable housing community in Pennsauken known as Sycamore Ridge, which is in critical need of upgrades and repairs to remain a viable and safe option for South Jersey families to live

SOMERDALE, N.J. - December 1, 2010 - (RealEstateRama) -- Representatives from the New Jersey Housing and Mortgage Finance Agency (HMFA) joined local officials today to break ground on Gateway Village, an affordable apartment community for families located in Somerdale, Camden County. The HMFA, an affiliate of the Department of Community Affairs (DCA), provided permanent mortgage financing in the amount of $352,000 for the project. Gateway Village was also awarded federal Low Income Housing Tax Credits, which will generate approximately $4.4 million in private equity. In addition, approximately $1 million in funding came from DCA’s Balanced Housing Program.

FRANKLIN TWP., N.J. - November 11, 2010 - (RealEstateRama) -- Representatives of the New Jersey Housing and Mortgage Finance Agency (HMFA), an affiliate of the Department of Community Affairs, today joined local officials to celebrate the kickoff of Parkside Senior and Parkside Family, two projects that will provide 140 units of affordable housing to people in the community. Construction has started on both projects with an anticipated completion date of 2011 for Parkside Senior and 2012 for Parkside Family.

October 13, 2010 - (RealEstateRama) -- Today the Appellate Division decided 22 separate challenges to the 2008 revised COAH third round rules. The decision once again invalidated key rule provisions, including the so-called "growth share methodology" for determining municipal housing obligations and standards for inclusionary development