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.

Affordable housing opens at former brownfield site in Jersey City (SLIDESHOW)

A developer has opened the doors to a new 64-unit affordable housing complex in the Greenville section of Jersey City.

Progress, with continued uncertainty: Questions remain as affordable housing moves forward in New Jersey, stakeholders say

The state’s long-running battle over affordable housing policy is still rife with uncertainty and unanswered questions, stakeholders say, even for the roughly 200 towns that have reached settlements on how they will zone for new development.