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.
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