Government & Public Policy
Developers press their case, setting sights on bill to allow third-party code inspections

A bill that would allow building owners to obtain faster code inspections using third-party, private-sector agents has moved through the Legislature in recent weeks, raising the hopes of developers and other industry stakeholders who support the proposal.

Government & Public Policy
State details plan, application period for $353 million in COVID-19 rental assistance

State officials are rolling out another $353 million in rental assistance, in a move that should help both residents and apartment landlords who face mounting revenue shortfalls.

Government & Public Policy
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.

Government & Public Policy
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.

Government & Public Policy
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.

Government & Public Policy
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.

Government & Public Policy
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.

Government & Public Policy
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.

Residential & Mixed Use
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.

Government & Public Policy
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.