HMFA estimates that the project will generate about $58.6 million in one-time economic output and create about 350 full-time jobs during construction.
Housing is critical to ending homelessness. Housing is critical to building a better economy in New Jersey. Housing is what makes the difference.
Kilmer Homes includes the construction of 120 affordable apartments including 30 permanent and supportive housing apartments for homeless families.
The measure would provide a LIHTC allocation of the greater of $8 per individual in the disaster areas or 50% of the state’s LIHTC ceiling.
Housing providers have used Shelter + Care to leverage private investment through the LIHTC to provide homes for people experiencing homelessness.