The Special Needs Housing Partnership Loan Program (SNHPLP)
Program SummaryThe New Jersey Department of Community Affairs, the New Jersey Housing and Mortgage Finance Agency and the New Jersey Department of Human Services, Division of Developmental Disabilities have launched the Special Needs Housing Partnership Loan Program (SNHPLP) aimed at creating affordable, supportive housing for people with developmental disabilities. This initiative aligns with the State of New Jersey’s goal to help integrate people with special needs into the community.
As part of this initiative, the SNHPLP will help municipalities utilize the monies in municipal Affordable Housing Trust Fund (AHTF) accounts to create housing for people with developmental disabilities. The SNHPLP will also assist municipalities to leverage the monies in their AHTF accounts by matching a municipal commitment of funds with financing available through the NJHMFA and DCA.
The SNHPLP will provide financing financing to create permanent supportive housing and community residences for individuals with developmental disabilities. Loan proceeds may be used for the acquisition and rehabilitation of existing 3-4 bedroom single-family houses and first floor 3-4 bedroom condominiums, with acquisition and all rehabilitation to be completed within six (6) months of mortgage closing. Other housing arrangements of up to six (6) bedrooms may qualify, on a case-by-case basis, as may be accepted by NJHMFA staff, in consultation with the New Jersey Department of Human Services, Division of Developmental Disabilities (DDD), provided the Sponsor is able to meet the 6-month threshold requirement. New construction, while not encouraged, will be considered on a case-by-case basis provided the Sponsor is also able to meet the 6-month threshold requirement.
For more information on this program, including the Special Needs Housing Partnership Program Guidelines and Financing Policy, obtaining an application, etc., please use the following link to the NJHMFA’s Website at http://.