The Department of Community Affairs, Division of Housing has released it’s Request for Proposals (RFP) for Project-Based Assistance through the State Rental Assistance Program (SRAP). To read the entire RFP click here.
Purpose and Description of Request
The New Jersey Department of Community Affairs announces the availability of rental assistance grants for the purpose of creating and/or expanding permanent affordable housing.
This RFP invites eligible project sponsors to submit proposals for the purpose of awarding project-based housing vouchers through an open competitive process.
Eligible projects include:
Low Income Housing Tax Credit projects where the developer and/or general partner is a for-profit entity
Any permanent rental project where the owner and/or general partner is a nonprofit entity
25% of the allocation will be reserved for projects that serve special needs populations and can document that appropriate supportive services are available.
To read the entire RFP click here.