N.J. Admin. Code § 5:43-3.8

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

Section 5:43-3.8 - Section 202 and non-HOPE VI public housing new construction projects

(a) The Balanced Housing Program may provide assistance to eligible applicants applying on behalf of public housing authorities and not-for-profit sponsors to construct projects in accordance with Section 202 of the Housing Act of 1959 ( 12 U.S.C. § 1709 ) or, with the exception of HOPE VI projects (Section 24), the U.S. Housing Act of 1937 ( 92 U.S.C. §§ 1437 et seq.).

(b) The total Balanced Housing subsidy shall not exceed the lesser of $ 15,000 per unit or 15 percent of total project cost.

(c) Applications for a Section 202 or public housing new construction project must include a conditional or final commitment from HUD.

N.J. Admin. Code § 5:43-3.8

New Rule R.1992 d.144, effective 4/6/1992.
See: 23 N.J.R. 1075(a), 24 N.J.R. 1385(a).
Recodified from 5:14-3.9 and amended by R.1996 d.226, effective 5/20/1996.
See: 28 N.J.R. 6(a), 28 N.J.R. 2573(a).
Former section, "Acquisition/rehabilitation projects", recodified to 5:14-3.7.
Amended by R.2002 d.325, effective 10/7/2002.
See: 33 N.J.R. 3261(a), 34 N.J.R. 3500(a).
Rewrote (a) and (b).
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 "Section 202, Section 811 and non-HOPE VI public housing new construction projects". In (a), deleted ", Section 811 for the National Affordable Housing Act (PL 101-625)"; and in (c), deleted ", Section 811" following "Section 202" and substituted "public housing new construction project" for "Public Housing New Construction Project".