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Nearly a decade after New Jersey's Supreme Court rebooted a long-ignored affordable-housing mandate for local towns, the Murphy administration earlier this month issued its recommended obligations ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
The numbers, released late Friday afternoon, call for 84,698 affordable units statewide to be designated in the next decade. NJ releases new affordable housing quotas. See your Central Jersey town ...
The DH works with municipalities, non-profit organizations, private developers, and the New Jersey Housing Mortgage Financing Agency to promote community development by facilitating homeownership and housing. The DH oversees Section 8 housing assistance programs, which are funded by the United States Department of Housing and Urban Development ...
Gov. Phil Murphy's budget address included a proposal to use federal funds to propel fully affordable housing projects across the finish line. NJ affordable housing could see $300M infusion under ...
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