National Housing Trust Fund to Fund Affordable Housing for Extremely Low-Income Individuals and Families in New Jersey with Special Needs
The Department of Community Affairs (DCA) Division of Housing and Community Resources has released the National Housing Trust Funds 2018 RFP for affordable housing.
What is the National Housing Trust Fund?
The National Housing Trust Fund (NHTF) provides funding to create new, decent, safe and affordable housing for extremely low-income individuals and families with special needs.
The State of New Jersey was awarded $5,599,220 in NHTF funds.
- The program provides zero percent loans to eligible entities that will create affordable rental housing units through either rehabilitation or redevelopment.
- Occupancy of the units developed under this program is restricted to households at or below 30% of Area Median Income as defined by HUD for a period of at least 30 years.
Who is eligible to apply for National Housing Trust Fund Funding?
Non Profit and For Profit Affordable Housing Developers that demonstrate strong financial, organizational, and development capacity.
What will the National Housing Trust Fund fund?
The program will provide up to $400,000 in subsidy per unit (based on need and bedroom size). The maximum per project award is $700,000. Funding can be used for the following activities:
- new construction,
- reconstruction and
Acquisition and/or demolition must be directly related to new construction or reconstruction. All units must be vacant at the time of application.
How do I apply for National Housing Trust Fund funding?
The RFP will only be available on the DCA’s website via its System for Administrating Grants Electronically (SAGE) which can be found using this link.
Along with the information provided in the SAGE Request For Proposal (RFP), NJDCA will be hosting a mandatory webinar and in person meeting.
The webinar will be on Wednesday, January 31, 2018 beginning at 11:00 a.m. Please use this link to register for the January 31 webinar. After registering for the webinar, you will receive a confirmation email containing information about joining the webinar.
On Tuesday, February 6, 2018, NJDCA will also be hosting a mandatory in person meeting beginning at 10:30 a.m. located at 101 S. Broad St in Trenton in the first floor conference room. Please register by emailing Ahmad McDougle.
For questions, regarding the RFP, access to SAGE or general questions, DCA staff will also be available either by email, emailing Ahmad McDougle or James Lordi or by phone at 609-292-9539 or 609-633-6046.