N.J. Admin. Code § 5:47-4.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:47-4.1 - Introduction

(a) The Department shall prepare an application form that specifies the components of the project to be submitted to the Department consistent with the provisions of this subchapter.

(b) A project means one or more activities, as further described below, to be carried out in accordance with a neighborhood revitalization plan approved by the Department, utilizing, but not limited to, funds provided by a business entity receiving a certificate for neighborhood revitalization tax credits pursuant to N.J.S.A. 52:27D-492. A project shall include one or more housing and economic development activities, and may also include one or more other neighborhood revitalization activities as defined in N.J.A.C. 5:47-1.2.

(c) In preparing project submissions, nonprofit organizations should also address the criteria set forth under N.J.A.C. 5:47-5.2 and 5.3.

N.J. Admin. Code § 5:47-4.1