Purpose
Effective immediately, NJHMFA will be instituting a more structured 9% application process to preserve the competitive nature of the program. In an effort to enhance transparency, all applicants, interested parties and stakeholders shall have the benefit of the same information and guidance.
Frequently Asked Questions (FAQs)
All questions pertaining to 9% applications must be submitted in written format to the following e-mail address:
NJHMFAtaxcredits@njhmfa.gov
All questions and answers will be posted on NJHMFA’s website in an FAQ document and will be updated periodically. Please note that project-specific questions, including document review and/or confirmation of eligibility for threshold requirements or points, are no longer permitted.
Each time an update is made to the FAQs, the date will be noted. Applicants are encouraged to check the website prior to submitting a question to the LIHTC mailbox. Please be advised that the answers to FAQs are for guidance purposes only and are not agency regulations. If there is an inconsistency between the adopted Qualified Allocation Plan (QAP) and the answers to FAQs, then the QAP prevails.
Burden is on the Applicant
It remains the sole responsibility of the Applicant to review carefully and comply with the requirements of QAP regulations and to ensure that any application presented to the NJHMFA Tax Credit division is clear, unambiguous, and complete in all respects at the time of submission.
