N.J. Admin. Code § 5:80-33.22

Current through Register Vol. 56, No. 18, September 16, 2024

Section 5:80-33.22 - Tax Credit Committee review and reconsideration process

(a) Based on the rankings, eligibility review, and needs analysis, NJHMFA shall make reservation award recommendations to a quorum of the Tax Credit Committee (Committee). The Committee shall consist of the Commissioner of DCA, or designee, the Executive Director, and three members of the NJHMFA staff designated by the Executive Director.

(b) The Committee shall review the rankings, eligibility, and tiebreaker decisions as well as requests for reservations from the Reserve, and shall award tax credit reservations accordingly. All applicants shall be notified, in writing, whether their projects received a reservation and the basis for the decision. A reservation commitment letter shall be mailed to all reservation recipients.

(c) An applicant may appeal any decision of the Committee by submitting a written request for reconsideration to the Executive Director no later than 10 business days from the date of the Committee meeting at which awards/decisions are announced. The request shall include a comprehensive discussion of the basis for reconsideration. Such requests will be considered promptly by the Committee and the Committee's disposition of the request shall constitute final agency action. In the absence of a request for reconsideration, the date of the Committee meeting at which awards/decisions are announced shall constitute the date of final agency action.

N.J. Admin. Code § 5:80-33.22

Recodified from N.J.A.C. 5:80-33.21 by R.1998 d.279, effective 6/1/1998.
See: 30 N.J.R. 1132(a), 30 N.J.R. 1978(a).
Former N.J.A.C. 5:80-33.26, Project cost certification, was recodified to N.J.A.C. 5:80-33.31.
Recodified from N.J.A.C. 5:80-33.26 and amended by R.1999 d.120, effective 4/5/1999.
See: 31 N.J.R. 122(a), 31 N.J.R. 860(a).
In (c), rewrote 1 and 2. Former N.J.A.C. 5:80-33.24, Municipal comment, recodified to N.J.A.C. 5:80-33.22.
Amended by R.2000 d.132, effective 3/20/2000.
See: 32 N.J.R. 191(a), 32 N.J.R. 1065(a).
Amended by R.2001 d.170, effective 5/21/2001.
See: 33 N.J.R. 932(a), 33 N.J.R. 1573(b).
In (b), deleted the last two sentences; deleted (c).
Recodified from N.J.A.C. 5:80-33.24 and amended by R.2003 d.300, effective 7/21/2003.
See: 35 N.J.R. 1616(a), 35 N.J.R. 3298(b).
In (b), deleted "Committee decisions are final" preceding the second sentence; added (c). Former N.J.A.C. 5:80-33.22, Municipal comment, recodified to N.J.A.C. 5:80-33.20.
Amended by R.2010 d.060, effective 4/19/2010.
See: 42 N.J.R. 583(a), 42 N.J.R. 776(a).
In (a), deleted "of NJHMFA" following "Executive Director" and inserted the last sentence.
Amended by R.2011 d.239, effective 9/6/2011.
See: 43 N.J.R. 917(a), 43 N.J.R. 2293(a).
In (a), inserted "a quorum of", and deleted "executive" preceding "staff".
Amended by R.2013 d.086, effective 6/17/2013.
See: 45 N.J.R. 530(a), 45 N.J.R. 1511(a).
Rewrote (a); and in (b), inserted a comma following "eligibility", and inserted ", and shall award tax credit reservations accordingly".

Amended by 56 N.J.R. 343(b), effective 3/4/2024