The training will take place at New Jersey Housing and Mortgage Finance Agency, 637 South Clinton Avenue in Trenton.
This year, FHLBNY’s Affordable Housing Program will have over $45 million available for projects in the 2018 round (the highest ever for a single round).
Attendees will learn more about affordable housing program, FHLBNY’s application process and the new scoring criteria.
The training will provide up to date also on NJHMFA’s available construction and permanent loans, tax credit application deadlines and criteria, and subsidy funding for special needs housing for individuals with mental illness, physical and developmental disabilities, youth aging out of foster care, homeless and veterans, among others.
NHHMFA will share information about:
Multifamily Financing Rental Programs
Conduit Program (Rental)
Low Income Housing Tax Credits
Special Needs Lending
NJHMFA is dedicated to increasing the availability of and accessibility to safe, decent and affordable housing to families in New Jersey. In some cases, this may mean working with traditional affordable housing developments, serving New Jersey’s most needy families.
FHLBNY helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth.
The FHLBNY is part of the congressionally chartered, nationwide Federal Home Loan Bank System, which was created in 1932 to provide a flexible credit liquidity source for member community lenders engaged in home mortgage and neighborhood lending.
The FHLBNY increases the availability of mortgages and home finance to families of all income levels by offering high-value correspondent and cash management services to assist our members in more effectively serving their neighborhoods and meeting their Community Reinvestment Act responsibilities.
The mission of the FHBLNY is to advance housing opportunity and local community development by supporting members in serving their markets.