Multifamily Programs
The NJ Housing & Mortgage Finance Agency's Multifamily Programs support innovative, affordable multifamily housing development in New Jersey through comprehensive financing and technical guidance.
Funder: New Jersey Housing & Mortgage Finance Agency
Due Dates: November 16, 2026
Funding Amounts: Loan amounts: up to 100% of project costs for nonprofits, up to 90% for for-profits; per-unit caps and other limits apply; terms typically up to 30 years.
Summary: Supports developers in financing, constructing, and operating multifamily housing projects across New Jersey, including SLFRF-funded projects.
Key Information: All SLFRF fund requests must be received by 5:00 p.m. on November 16, 2026.
Description
The New Jersey Housing & Mortgage Finance Agency (NJHMFA) Multifamily Programs provide a comprehensive suite of resources, loan products, and technical guidance to support the development, construction, and operation of affordable multifamily rental housing throughout New Jersey. The programs encompass both permanent and construction financing, pooled bond interest rates, underwriting and appraisal standards, and compliance requirements. Specialized initiatives include the State and Local Fiscal Recovery Funds (SLFRF) programs, Hospital Partnership Subsidy Pilot Program, and State Tax Credit Subsidy Fund, among others.
