Affordable Housing Trust Fund 2025
$50,000 - $6,000,000
Applications Due:
June 30, 2025
State
New Jersey Department of Community Affairs
This program provides financial assistance to municipalities and developers to create and maintain affordable housing for low and moderate-income residents, ensuring these units remain affordable for at least 20 years.
Description
The Affordable Housing Trust Fund Program (AHTF) aims to provide municipalities, for-profit and non-profit developers with financial assistance to advance the development of low and moderate income affordable housing across the State. The program is designed to maintain those units as affordable for a minimum of 20 years. It is limited to projects of 25 units or less, and funds have also been set aside for innovative projects and initiatives related to the development of affordable housing. This is a loan program.
Eligibility
States
New Jersey
Regions
All
Eligible Entities
For profit organizations other than small businesses, Nonprofits
Funding
Timing
Posted Date
October 23, 2024
App Status
Accepting Applications
Funder
Funding Source
Source Type
State
Contact Name
Jennifer Underwood
Contact Email
Contact Phone