N.J. Admin. Code § 5:80-9.1
Current through Register Vol. 56, No. 24, December 18, 2024
It is the express purpose of the following regulations to promote the statutory functions and obligations of the Agency by ensuring that the rents and/or carrying charges applied in housing projects are sufficient to pay normal operating, maintenance and utility costs; provide an adequate rate of return to individuals or corporations that provide capital to assist in the development of housing projects; provide debt service payments adequate to protect the financial interest of the Agency and its bondholders; provide reserves for repair and replacement; and ensure adequate, safe and sanitary housing for the low and moderate income families that the Agency was created to serve.
N.J. Admin. Code § 5:80-9.1
See: 22 N.J.R. 2389(b), 23 N.J.R. 2055(a).
Specification added.