January 30, 2023
Developer Bulletin 2023-2:
Affordable Housing Production Fund Set Aside (AHPFSA) Program Announcement
NJHMFA encourages all of our business partners and constituents to submit any and all documentation in an electronic format whenever possible as staff will continue to check email and review information submitted electronically.  

Attention Developers

New Jersey Housing and Mortgage Finance Agency (NJHMFA) advances the quality of life for residents and communities throughout New Jersey by investing in, financing, and facilitating access to affordable rental housing and homeownership opportunities for low and moderate-income families, older adults, and individuals with specialized housing needs.

Therefore, HMFA is proud to announce the Affordable Housing Production Fund Set Aside (AHPFSA) Program, approved at the January 12, 2023 HMFA board meeting. HMFA will set aside up to $60,000,000 from the State’s "Coronavirus State Fiscal Recovery Fund” allocation of $305,000,000, established pursuant to the federal "American Rescue Plan Act of 2021," Pub. L. 117-2, to the Affordable Housing Production Fund Set Aside Program.

HMFA will administer the legislatively appropriated AHPFSA funds to provide subsidy financing for eligible projects in need of gap financing to support 9% LIHTC development.
Important: Applications for the AHPFSA Program will be accepted on a rolling basis starting February 6, 2023, and shall be presented to the HMFA Board for consideration only upon determination that the financing application is complete. The financing application submission must satisfy Part I and Part II of the Multifamily checklist or Part I of the AHPFSA Tax Credit Only checklist as listed in the UNIAP to be deemed a complete financing application. Applications that do not include all required documents will not be processed. A non-refundable application fee of $1,000.00 must be submitted with a completed financing application package.
Please click on the links below to view the AHPFSA Program Guidelines, UNIAP, and Checklists:
Questions? Need Help? 

If you have questions regarding the AHPFSA Program please email your requests to Tanya Hudson-Murray, Managing Director of Multifamily Programs, or Donna Spencer, Director of the Multifamily/Supportive Housing and Lending Division.

Access forms, checklists, policies, previous developer bulletins, and more under the Developer Tab, on the NJHMFA website.
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New Jersey Housing and Mortgage Finance Agency | 609-278-7400 | NJHousing.gov