Understanding the New Jersey Housing and Mortgage Finance Agency (NJHMFA)

New Jersey Housing Steven Rindner

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The New Jersey Housing and Mortgage Finance Agency, more commonly known as NJHMFA, is an agency that works on increasing the availability and access to safe and affordable housing for families based in New Jersey. The NJHMFA also works alongside existing affordable housing developments throughout the state. Steven Rindner.

In certain cases, the agency aids first-time homebuyers, the disabled, as well as senior citizens in the state’s special-needs communities. The NJHMFA believes that housing and families are influenced by the communities in which they reside, which is why its main goal is to build healthy and vibrant housing as well as come up with creative programs and establish alliances and partnerships leading to the overall economic development of New Jersey. Steven Rindner

Other objectives of the agency include funding affordable home mortgages (for new home buyers); encouraging owner-occupied and mixed-income housing growth for more stable urban neighborhoods and developed municipalities; promoting construction and rehabilitation (especially of rental housing units); and improving the quality of life of the aged and the disabled. Steven Rindner.

It must be mentioned that the NJHMFA does not receive direct funding from the New Jersey State Treasury for its administrative expenses and core operating needs. But it does lobby for more progressive state and federal housing legislation. It also aims to raise various program funds with the sale and exemption of taxable and tax-exempt bonds to private sector investors, applying for and administering various federal and state housing assistant grants, and working with non-profits and foundations. Steven Rindner

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