The Department of Community Affairs (DCA) will issue a Request for Proposals (RFP) on July 5, 2017 for $3.7 million from the National Housing Trust Fund.
NHTF. NLIHC
States including NJ must prepare national Housing Trust Fund (HTF) Allocation Plans each year showing how they intend to distribute HTF funds.
The Housing Trust Fund, the first new resource in a generation, will assist the 11.4 million extremely low-income households who lack an affordable home.
NJ has a shortage of 191,041 affordable homes or a range of 31 for every 100 ELI households. Thursday, March 2 at 2 PM, the National Low Income Housing will hold a webinar on the 2017 edition of its report The GAP: A Shortage of Affordable Homes.
In NJ, at 30% AMI maximum rents would make Cumberland and Atlantic counties cost burdened. At 20% of AMI all counties in NJ are cost burdened.
