NJHOMES Launchpad Predevelopment Fund 2027
NJHOMES Launchpad Predevelopment Fund 2027 supports municipalities and affordable housing developers with project-related capital costs to create homes for low- and moderate-income households across New Jersey.
Funder: New Jersey Department of Community Affairs
Due Dates: June 30, 2027 (Application initiation) | June 30, 2027 (Application submission)
Funding Amounts: Grant period: July 1, 2026–June 30, 2027; completion within three years of award
Summary: Supports project-related capital costs for developing housing affordable to low- and moderate-income households throughout New Jersey.
Key Information: Open to municipalities and for-profit or nonprofit affordable housing developers.
Description
The NJHOMES Launchpad Predevelopment Fund 2027 is administered by the New Jersey Department of Community Affairs (DCA), Division of Housing and Community Resources. It supports the creation of housing affordable to low- and moderate-income families throughout New Jersey, with funding for project-related capital costs associated with affordable housing development. The target population is low- and moderate-income households as defined by the Council on Affordable Housing.
The program accepts applications from municipalities and affordable housing developers. DCA reviews proposed projects using standardized criteria and assesses each applicant’s feasibility before making funding decisions. Program application materials include separate FY27 project pro formas for rental and homeownership developments.
