The NHTF is now a federal program with dedicated sources of funding not subject to the annual Congressional appropriations process. Its primary purpose is to increase and preserve the supply of rental housing for extremely low income (ELI) households, those earning less than 30% of the area median income (AMI.)
New Jersey will receive $3,733,566 and has selected the Department of Community Affairs (DCA) to administer the NHTF block grant in the state. It is anticipated that the a 30 day comment period on the allocation plan will take place between May and June and that it will be submitted in early July.
Resources from the webinar are now available online.