On December 19, 2024, the New Jersey legislature passed legislation amending multiple sections of statute governing the New Jersey Aspire Program, most importantly as it relates to the state purchase of unused tax credits....more
1/10/2025
/ Affordable Housing ,
Financing ,
Investment ,
Investors ,
Lenders ,
Municipalities ,
New Jersey Economic Recovery Act of 2020 (ERA) ,
New Legislation ,
Real Estate Development ,
State and Local Government ,
State Taxes ,
Tax Credits ,
Tax Incentives
As required by legislation adopted earlier this year, which formally abolished the Council on Affordable Housing (COAH), the New Jersey Department of Community Affairs (DCA) has released its highly anticipated calculations of...more
What You Need to Know-
•The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more
7/11/2023
/ Affordable Housing ,
Economic Development ,
Governor Murphy ,
LIHTC ,
Low Income Housing ,
New Jersey ,
New Jersey Economic Recovery Act of 2020 (ERA) ,
Real Estate Development ,
Redevelopment ,
State and Local Government ,
Tax Credits
In the midst of the ongoing COVID-19 public health emergency, New Jersey-based builders, developers, contractors, municipal entities, and other industry shareholders and interested parties should be aware of recently issued...more