N.J. Admin. Code § 5:43-3.12

Current through Register Vol. 56, No. 21, November 4, 2024

Section 5:43-3.12 - Neighborhood stabilization/revitalization projects

(a) The Balanced Housing Program may provide assistance to distressed urban municipalities applying on behalf of a sponsor who will promote neighborhood stabilization and revitalization through the acquisition and reconstruction and resale of existing units within a target neighborhood.

(b) The amount of Balanced Housing assistance and the requirements of such assistance shall be in accordance with 5:43-3.5 for two-family structures and/or 5:43-3.6 for single family homeowner units.

(c) The maximum Balanced Housing subsidy for a neighborhood stabilization/revitalization project shall be $ 750,000.

N.J. Admin. Code § 5:43-3.12

New Rule, R.2002 d.325, effective 10/7/2002.
See: 33 N.J.R. 3261(a), 34 N.J.R. 3500(a).
Former N.J.A.C. 5:43-3.12, Other projects, recodified to N.J.A.C. 5:43-3.14.
Recodified from N.J.A.C. 5:43-3.13 by R.2007 d.202, effective 7/2/2007.
See: 38 N.J.R. 3711(a), 39 N.J.R. 2517(a).
Former N.J.A.C. 5:43-3.12, Hope VI projects, recodified to N.J.A.C. 5:43-3.10.