Establishes Safe Haven Homeless Housing Program; appropriates $30 million.
The bill establishes the Safe Haven Homeless Housing Program within the New Jersey Housing and Mortgage Finance Agency (HMFA). It creates a Safe Haven Homeless Housing Fund, administered by HMFA, to provide moneys necessary for the program. The fund will receive $30 million from the federal government through the American Rescue Plan Act of 2021. HMFA will award low-interest loans to eligible developers for renovating or reconstructing underused developments into transitional housing or permanent supportive housing for homeless or unstable-housing individuals and families.
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