State of New Jersey Department of Community Affairs

10/31/2024 | Press release | Distributed by Public on 10/31/2024 12:54

Murphy Administration Announces Affordable Housing Trust Fund Surpasses $100 Million in Awards

Murphy Administration Announces Affordable Housing Trust Fund Surpasses $100 Million in Awards

  • Posted on: 10/31/2024

More Than $108 Million Awarded to Help Develop Nearly 950 Affordable Homeownership and Rental Housing Units

TRENTON, NJ - The New Jersey Department of Community Affairs (DCA) today announced that more than $108 million has been awarded to nonprofit organizations and developers across the state through the Affordable Housing Trust Fund (AHTF) since the start of the Murphy Administration. The fund is administered by DCA and provides financial assistance for the development of different types of affordable housing projects to create stronger, fairer communities in which people can afford to live.

DCA has awarded AHTF funding to 44 projects, helping to create and preserve 939 affordable housing units. This number includes 153 affordable homeownership opportunities.

"Each of these Affordable Housing Trust Fund projects has been meticulously designed to suit the needs of New Jerseyans across the state," said Governor Phil Murphy. "We are grateful for the partnership of the Department of Community Affairs, as well as the nonprofits and developers helping us build stronger, fairer communities and putting the American Dream back into reach for generations of working families."

"Without safe, stable, affordable housing, people can become caught in a recurring cycle of housing insecurity that affects their ability to hold a job, go to school, provide food, and maintain their health. These challenges can begin to feel insurmountable," said DCA Commissioner Jacquelyn A. Suárez. "Through the Affordable Housing Trust Fund, we are making headway in addressing this critical need so that our fellow New Jerseyans can achieve healthy, high-quality, and productive lives."

The projects selected for AHTF awards demonstrated strong municipal support, participation in other state-funded community development initiatives, partnerships with private sector investors, sustainability/resilience, walkability, mixed-use, accessibility, and thoughtfulness in addressing gentrification.

With the exception of three projects, AHTF awards were given to smaller rental and homeownership housing projects sized at 25 or fewer units, which often have difficulty obtaining financing. These projects are filling the gaps within the existing affordable housing ecosystem, building on current assets and investments, and adding value to neighborhoods. The projects are also being developed by community-based organizations that have a strong connection to the housing equity issues in their communities.

All housing units receiving AHTF funding must be deed-restricted for a minimum of 20 years.

The AHTF dollars are allocated through three funds:

  • Municipal Settlement Fund, which helps municipalities create smaller-scale projects that fit into the landscapes of their neighborhoods and assists them in fulfilling their court-sanctioned affordable housing settlements;
  • Neighborhood Partnership Fund, which supports the development of affordable housing in Qualified Urban Aid Towns, particularly projects that leverage other existing resources to strengthen their neighborhoods; and
  • Innovation Fund, which assists inventive projects that may not fit under the umbrella of the other two funds but that creatively advance the State of New Jersey's housing goals.

The following is the list of projects awarded AHTF funds to date during the Murphy Administration.

Affordable Housing Trust Fund Awards

Award Recipient

Project

Fund Pool

Program Description

County

Units

Award Amount

BCUW/

Madeline Housing Partners, LLC

Island Road Apartments

Municipal Settlement

Construct independent special needs housing units in Mahwah.

Bergen

15

$5,038,331

Lake Tappan Urban Renewal, LLC

Lake Tappan Commons

Municipal Settlement

Construct

family affordable rental apartments in River Vale.

Bergen

25

$6,000,000

Montvale Family Apartments LLC

Montvale Family Apartments

Municipal Settlement

Construct two buildings containing rental units located in Montvale.

Bergen

25

$5,919,910

Habitat for Humanity of Burlington and Mercer Counties

Bordentown Residential Development

Municipal Settlement

Construct five duplex buildings containing homeowner units in Bordentown Township.

Burlington

10

$2,077,280

Habitat for Humanity of South Central New Jersey

Cinnaminson Township Development

Municipal Settlement

Construct three duplex buildings containing homeowner units in Cinnaminson.

Burlington

6

$1,968,919

Monastery Residences, LP

The Clare Estate Monastery Residences - Phase II

Municipal Settlement

Operational assistance to aid the transition from a licensed facility into 100 units of senior housing in Bordentown.

Burlington

100

$1,500,000

Branch Village V Homeownership LLC

Branch Village Homeowner ship: Phase V

Neighborhood Partnership

Construct duplex-style, for-sale homes in the Branch Village CHOICE neighborhood in Camden.

Camden

10

$3,824,021

Camden Lutheran Housing, Inc.

Casa Del Rios Phase I

Neighborhood Partnership

Acquire and construct homeowner units located on Borton Street in Camden.

Camden

13

$6,000,000

E & B Housing, LLC

Elizabeth Place

Municipal Settlement

Construct three buildings containing rental units located in Haddonfield.

Camden

20

$5,875,500

Parkside Business & Community In Partnership, Inc.

Parkside 10 Unit Homes Project

Neighborhood Partnership

Rehab 1 and construct 9 single family homeowner units located at various sites in Camden.

Camden

10

$2,290,639

SJCS Rehab, LLC

Camden Affordable 1

Neighborhood Partnership

Rehab of existing row homes for homeowner units located in Camden.

Camden

10

$1,552,731

Ocean City Community Development Corporation

Ocean City Scattered Site Affordable Rentals

Municipal Settlement

Construct five buildings containing rental units on scattered sites in Ocean City.

Cape May

10

$2,450,047

Tri-County Community Action Partnership

Tri-County Community Action Partnership

Neighborhood Partnership

Construct single-family homeowner units in the Southeast Gateway section of Bridgeton.

Cumberland

5

$2,744,634

Garden State Episcopal CDC

East Orange Homeownership Initiative

Neighborhood Partnership

Construct three 2-unit family ownership units in East Orange.

Essex

6

$1,454,911

MAR Acquisition Group, LLC

Badger Avenue Homes Phase II

Neighborhood Partnership

Acquire and construct homeownership units located in Newark.

Essex

8

$3,336,077

MAR Acquisition Group, LLC

Badger Avenue Homes Phase III

Neighborhood Partnership

Acquire and construct homeownership units located in Newark.

Essex

8

$3,336,077

MAR Acquisition Group, LLC

Ridgewood Avenue Homes Phase I

Neighborhood Partnership

Construct single-family homeownership in Newark.

Essex

4

$1,793,487

Rising Plains

Homes @ parkwest

Neighborhood Partnership

Redevelop property into a four-story multifamily residential building in Newark.

Essex

19

$4,141,809

Tompkins Street Apartments Urban Renewal, LLC

Tompkins Street Apartments

Municipal Settlement

Construct family rental housing in West Orange.

Essex

17

$3,640,492

Urban League of Essex County Opportunity Corporation

The Heights on Fairmount Avenue

Neighborhood Partnership

Develop 8 affordable for-sale new homes (each with a rental apartment) for families in Newark.

Essex

16

$3,545,229

Raritan Valley Habitat for Humanity

Railroad Field Homes

Municipal Settlement

Construct a 2-unit duplex for homeownership in Readington.

Hunterdon

2

$598,764

Homes by TLC, Inc.

Project Home XVIII 208 Sullivan Way

Municipal Settlement

Construct 3-bedroom townhouse-style units in Ewing Township.

Mercer

11

$3,498,250

Homes by TLC, Inc.

Project HOME XIX Lower Ferry

Municipal Settlement

Acquire vacant land and construct 3 two-unit rental buildings located in Ewing Township.

Mercer

6

$3,205,987

Kingsbury a non-profit housing corporation

Kingsbury Corporation Improvement (CIAP Support)

Innovation

For the interim coverage of insurance cost associated with a $2.3 million-dollar CIAP Loan awarded by NJHMFA for Kingsbury Towers in Trenton.

Mercer

365

$700,000

BCUW/ Madeline CHM I, LLC

293 Townsend Street

Neighborhood Partnership

Rehab

1-bedroom, special needs units in New Brunswick.

Middlesex

6

$2,108,780

Morris Habitat for Humanity

200 Laurence Parkway Affordable Homeowner Project

Municipal Settlement

Construct six duplex units for homeownership family homes in Old Bridge Township.

Middlesex

12

$1,008,916

Morris Habitat for Humanity

Pearl Place

Neighborhood Partnership

Construct single-family homeownership units located in Perth Amboy.

Middlesex

2

$290,273

New Brunswick Tomorrow

Esperanza Homeowner Phase I

Neighborhood Partnership

Rehab 2 two-family homes and one rental located in New Brunswick.

Middlesex

3

$1,706,203

Affordable Housing Alliance Inc.

Allen House 2

Municipal Settlement

Construct single building containing senior rental units located in Millstone Township.

Monmouth

10

$2,074,559

BCUW/ Madeline Housing Partners, LLC

61 South Ward Avenue Housing

Municipal Settlement

Construct two 3-bedroom family rental units located in Rumson.

Monmouth

2

$1,209,642

Morris Habitat for Humanity

Valley View Drive Rockaway Affordable Homeownership

Municipal Settlement

Construct single-family homes for homeownership located in Rockaway Township.

Morris

2

$464,683

Pillar Wharton, Inc.

Wharton Housing

Municipal Settlement

Construct an 11-unit multifamily apartment building located in Wharton.

Morris

11

$3,655,360

Northern Ocean Habitat for Humanity

Manitou Park Part I

Municipal Settlement

Construct one homeownership unit in Berkeley Township.

Ocean

1

$280,258

New Jersey Community Development Corporation

Mill Street Apartments

Neighborhood Partnership

Construct 3-unit rental apartment building located in Paterson.

Passaic

3

$896,750

New Jersey Community Development Corporation

Wayne Avenue

Neighborhood Partnership

Construct 4-unit rental apartment building located in Paterson.

Passaic

4

$376,750

Paterson Habitat for Humanity, Inc.

Paterson Habitat Quality Affordable Homes

Neighborhood Partnership

Construct single-family homeownership units located in Paterson.

Passaic

13

$4,473,656

Magill Real Estate Holdings, LLC

830 & 836 E. Jersey Street

Neighborhood Partnership

Construct 20 family rental units in Elizabeth.

Union

20

$3,813,526

Morris County Habitat for Humanity

146 Morris Ave. Summit Affordable Homeowner Project

Municipal Settlement

Construct condominium homeowner units in two 6 plex buildings located in Summit.

Union

12

$916,180

Morris Renewal 423-427 Realty LLC

423-427 Morris Avenue Affordable Apartments

Neighborhood Partnership

Acquire and construct a 3-story rental building in Elizabeth.

Union

11

$3,732,746

MREH New Point LLC

825 E. Jersey St.

Neighborhood Partnership

Construct family rental units in Elizabeth.

Union

10

$1,128,995

Parkers Walk Urban Renewal, LLC

Parkers Walk Rehabilitation

Neighborhood Partnership

Remediate rental housing in the Parkers Walk Phase of the Oakwood Plaza Apartments in Elizabeth that was damaged by flooding from Hurricane Ida.

Union

96

$2,200,000

Housing and Community Development Network of NJ (HCDNNJ)

Innovation

Provide outreach to raise awareness of tenant rights and eviction prevention resources. Provide training to housing counseling agencies across NJ and work with landlords to develop a process to prevent eviction.

Statewide

$1,250,000

Housing and Community Development Network of NJ (HCDNNJ)

JUMPSTART

Innovation

Provide training and certification for nonprofit organizations seeking to start up, restart, or increase their production department and projects to address affordable housing development.

Statewide

$725,000

Supportive Housing Association of NJ, Inc.

New Jersey Housing Navigation Project

Innovation

Support the research in national best practices and guide efforts to develop practical guidelines and resources for improved NJ housing navigation services.

Statewide

$124,918

The Division of Housing and Community Resources in DCA is committed to strengthening neighborhoods through the delivery of affordable housing and supportive services and to providing financial and technical assistance to municipalities, community action agencies, and other nonprofit organizations for community and economic development projects that improve the quality of life for residents, especially those who are vulnerable and disadvantaged.

DCA offers a wide range of programs and services, including local government management and finance, affordable housing production, fire safety, building safety, community planning and development, disaster recovery and mitigation, historic preservation, and information privacy.

For more information about DCA, visit https://nj.gov/dca/ or follow the Department on social media: