HMFA names new executive director to succeed retiring Richman

The state has named the new leader of the New Jersey Housing and Mortgage Finance Agency, tapping a key official in the Department of Community Affairs to fill the role.

HMFA reopens landlord relief program, expands eligibility to owners of up to 30 units

The state has extended and expanded an emergency grant program for New Jersey apartment landlords, drawing praise from the multifamily sector despite the need for additional relief.

Murphy announces $100 million rental assistance program

The state will provide at least $100 million in assistance to low- and moderate-income renters impacted by the COVID-19 crisis, under a program announced Friday by Gov. Phil Murphy.

HMFA debuts $50 million loan program for special needs housing projects

State officials have unveiled a new $50 million loan program aimed at funding 400 apartments for disabled veterans, homeless individuals and other residents with special needs.

EDA launches grant program to help towns, counties land Opportunity Zone investments

The state Economic Development Authority is offering $500,000 in grant funding to help municipalities and counties draw investors to federally designated Opportunity Zones.

L+M, Prudential land financing to preserve and upgrade Newark housing complex

L+M Development Partners and Prudential Financial have secured financing to preserve and renovate a government-subsidized housing complex in Newark’s South Ward.

Developer lands HMFA tax credits for South Jersey affordable housing projects

A developer has secured $32 million in financing commitments for a pair of affordable housing projects in Cumberland and Camden counties.

Murphy unveils planning grant for Opportunity Zone municipalities

State officials are hoping to spur action by municipalities that are home to Opportunity Zones, unveiling a grant offering to help local leaders strategize for the federal program.

State unveils online navigator, mapping tool for New Jersey Opportunity Zones

State officials have launched a new website and interactive mapping tool aimed at helping local governments, investors and other stakeholders navigate the 169 census tracts in New Jersey that have been designated under the federal Opportunity Zone program.

Newark housing complexes slated for $170 million rehab

An investment group has set out to revitalize two public housing complexes in Newark that city officials say are nearly uninhabitable, with plans to spend more than $170 million on the project and the full financial backing of the state.