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Grants to New Jersey Nonprofit and For-Profit
Developers to Develop Low-Cost Housing

Housing Production Investment Fund

Agency Type:

State

Funding Source:

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New Jersey Department of Community Affairs (NJDCA) - Division of Housing and Community Resources

Deadline Date:

06/30/22

Description:

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Grants to New Jersey nonprofit organizations and businesses to develop low-cost housing, including homeownership and rental projects for low-income residents. Funding may be used for expenses such as construction costs, financing and professional fees, acquisition, and development contingency.

Length of use, restriction period:

1) Homeownership Project: Minimum of 5 years to 30 years depending on amount of subsidy and location.

2) Rental Project: Minimum of 5 years to 30 years depending on amount of subsidy, type of construction and location.

GrantWatch ID#:

GrantWatch ID#: 144238

Estimated Size of Grant:

Maximum amount of award: Federal per unit subsidy limit based on bedroom size and project funding gap. For more information, see the link in the Pre-Application Information section below.

Term of Contract:

Timeframe for Completion of Activities: Up to three (3) years from Grant Award date

Additional Eligibility Criteria:

Eligible Applicants: Non-profit and for-profit affordable housing developers

Successful applicants will have the experience and the capacity to successfully undertake the proposed activities. The applicant will have specific experience and/or capacity in:
1) Developing affordable housing
2) Managing affordable housing projects
3) Experience working with the target population
4) Successful relationship with financial institutions
5) Be in good standing with the State of New Jersey, the Department of Community Affairs and the US Department of Housing and Urban Development (HUD)

Ineligible activities:
1) Project reserve accounts
2) Development, operations or modernization of public housing
3) Previously funded HOME projects and income deed restricted properties
4) Projects that are currently or anticipate receiving other DCA or NJHMFA funding
5) Project based rental assistance
6) Pay delinquent taxes, fees or charges
7) Acquisition of vacant land without development

Pre-Application Information:

Deadline for Submission: 6/30/2022
Deadline for Initiation:: 6/30/2022

Applications will be received on a rolling basis.

The application must be submitted via the Department of Community Affairs’ electronic application system known as SAGE.

Date by which applicants shall be notified: Within 120 days of receipt of a complete application including all required and approved submittals.

HOME Maximum Per-Unit Subsidy Limits:
https://www.hudexchange.info/resource/2315/home-per-unit-subsidy/

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://dcasage.intelligrants.com/Portal.asp

Contact Information:
James Lordi
(609) 633-6046
james.lordi@dca.nj.gov

URL for Full Text (RFP):

Geographic Focus:

USA: New Jersey

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