N.J. Admin. Code § 5:43-3.3

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

Section 5:43-3.3 - Special Needs Housing Trust Fund projects

(a) The Balanced Housing Program may provide funding for eligible applicants to assist projects receiving funding from the Special Needs Housing Trust Fund established by P.L. 2005 c. 163. Funding provided pursuant to this section shall be made in accordance with the Special Needs Housing Trust Fund Act ( P.L. 2005 c. 163 ) and any rules established pursuant to that Act.

(b) The maximum assistance to such projects shall not exceed 20 percent of the total project cost or the capitalized cost of a rental subsidy for up to 10 years.

(c) Where feasible, as determined by the New Jersey Housing and Mortgage Finance Agency in accordance with the Special Needs Housing Trust Fund Act ( P.L. 2005 c. 163 ) and any rules established pursuant to that Act, any project funded pursuant to this section shall comply with the eligibility requirements set forth in 5:43-2.4.

N.J. Admin. Code § 5:43-3.3

New Rule R.1992 d.144, effective 4/6/1992.
See: 23 N.J.R. 1075(a), 24 N.J.R. 1385(a).
Amended by R.1996 d.226, effective 5/20/1996.
See: 28 N.J.R. 6(a), 28 N.J.R. 2573(a).
In (a) deleted qualifying requirement and added homes for physically disabled.
Amended by R.1998 d.438, effective 9/8/1998.
See: 30 N.J.R. 1880(a), 30 N.J.R. 3239(b).
In (a), substituted a reference to reconstruction for a reference to substantial rehabilitation in the introductory paragraph.
Amended by R.2002 d.325, effective 10/7/2002.
See: 33 N.J.R. 3261(a), 34 N.J.R. 3500(a).
In (b), substituted "the lesser of $ 50,000 per bedroom or" for "that amount which is provided by other public and private funding sources (that is,".
Amended by R.2007 d.202, effective 7/2/2007.
See: 38 N.J.R. 3711(a), 39 N.J.R. 2517(a).
Section was "Permanent housing for persons with handicaps projects". Rewrote (a) and (b); and added (c).