NJHOMES Launchpad Predevelopment Fund 2027
NJHOMES Launchpad Predevelopment Fund 2027 supports municipalities and affordable housing developers with project-related capital costs to create affordable homes for low- and moderate-income New Jersey households.
Funder: New Jersey Department of Community Affairs
Due Dates: June 30, 2027 (Application initiation and submission)
Funding Amounts: Awards vary; projects may take up to three years from award to complete
Summary: Supports municipalities and affordable housing developers with project-related capital costs to create affordable homes for low- and moderate-income households in New Jersey.
Key Information: Eligible applicants are municipalities and for-profit and nonprofit affordable housing developers.
Description
The NJHOMES Launchpad Predevelopment Fund 2027 is administered by the New Jersey Department of Community Affairs and listed by its Division of Housing and Community Resources. It supports the creation of housing units affordable to low- and moderate-income families throughout New Jersey, with assistance for project-related capital costs associated with affordable housing development.
The program assists municipalities in creating affordable homes and is also open to for-profit and nonprofit affordable housing developers. Its target population is low- and moderate-income households as defined by the Council on Affordable Housing. Funding decisions follow review using standardized criteria and discussion of each applicant’s feasibility by departmental leadership, including the Division Director, Assistant Commissioner, and Commissioner.
