NJHMFA Financing:
Important: Projects seeking construction and/or permanent financing from NJHMFA should contact the Multifamily Supportive Housing and Lending Division at (609) 278-8884 imelendezaguirre@njhmfa.gov as soon as possible. Applicants seeking a conditional financing commitment at the August 12, 2021 meeting of the NJHMFA Board must submit a complete financing application by no later than June 24, 2021. The financing application submission must contain the required documentation as listed in the UNIAP to be deemed a complete financing application. Please refer to the UNIAP page 12, for the required documentation to be submitted. Incomplete financing application submissions will not be processed and advanced to the HMFA Board meeting for a conditional commitment.
MFPHPP and Section 811:
Sponsors that wish to apply for $75,000 per unit capital subsidy through the Money Follows the Person Housing Partnership Program (MFPHPP) and Section 811 Project Rental Assistance (Sect. 811 PRA) in their 9% applications must submit applications for MFPHPP and Section 811 no later than June 24, 2021 if they are seeking a conditional commitment at the August 12, 2021 meeting of the NJHMFA Board.
Please submit your applications for MFPHPP to the Multifamily Supportive Housing and Lending Division and Sect. 811 PRA applications to the Asset Management Division.
Application Fee:
The financing application fee is $4,000. The application fee for the Special Needs Housing Subsidy Loan Program is $1,000. The application fee for the Special Needs Housing Trust Fund is $500 for those projects applying to the Supportive Housing Cycle. Payment of the application fee is required for an application to be processed. For wire payments, please contact Ivelisse Melendez-Aguirre at imelendezaguirre@njhmfa.gov.
Questions?
Please contact Ivelisse Melendez-Aguirre at imelendezaguirre@njhmfa.gov for additional questions regarding the electronic application submission process.
