Supplemental appropriation of $100 million to Affordable Housing Production Fund for 100-percent affordable housing projects.

New Jersey A1722 provides a supplemental appropriation of $100 million to the Affordable Housing Production Fund in the Department of Community Affairs. This fund supports the completion of 100-percent affordable housing projects, which are defined as projects where all residential units are for low- and moderate-income households. The fund was established by P.L.2022, c.49, and the additional funds will be used to provide grants to municipalities to contract with developers for these projects.

Supplemental appropriation of $100 million to Affordable Housing Production Fund for 100-percent affordable housing projects.

New Jersey A1722 provides a supplemental appropriation of $100 million to the Affordable Housing Production Fund in the Department of Community Affairs. This fund supports the completion of 100-percent affordable housing projects, which are defined as projects where all residential units are for low- and moderate-income households. The fund was established by P.L.2022, c.49, and the additional funds will be used to provide grants to municipalities to contract with developers for these projects.