New Jersey Housing and Mortgage Finance Agency

New Jersey Housing and Mortgage Finance Agency

Multifamily Programs

Important General Information for Multifamily Developers 

Start here for basic information regarding HMFA's financing programs, eligibility and how to apply. 

Current Multifamily Pooled Bond Interest Rates 

View the current interest rates for our various multifamily financing programs. 

Multifamily Rental Financing Program Underwriting Guidelines - Includes Conduit Bond Program 

Download the Multifamily Rental Financing Program Underwriting Guidelines here.

Affordable Housing Gap Subsidy (AHGS) Program

View below the AHGS Program Guidelines and Project Checklist (Supply Chain Disruption Gap Financing)

 

Multifamily Rental Financing Program Operating Expenses 

Download the Multifamily Rental Financing Program Operating Expenses document here.


 

Multifamily Appraisal Guidelines

Download the Multifamily Appraisal Guidelines document here.

Construction Only Financing and Construction and Permanent Financing Document Checklist 

Download the Construction Only Financing and Construction and Permanent Financing Document Checklist. 

Permanent Take-Out Financing Document Checklist 

Download the Permanent Take-Out Financing Document Checklist here. 

Conduit Program Documents 

Access all of the Conduit Program documents including descriptions and checklists.

Multifamily Appendix 

Download the Multifamily Appendix here. This file includes information as well as forms necessary for application.

9% TaxCredit Project Rate Lock Program Guidelines

4% TaxCredit Project Rate Lock Program Guidelines

Download the Guidelines for the Multifamily 9% taxable and 4% tax exempt Tax Credit Project Rate Lock Programs.

 

Affordable Housing Production Fund Program (AHPF) and Affordable Housing Production Fund Set Aside Program (AHPFSA)

View below the AHPF and AHPFSA Program Guidelines

HOSPITAL PARTNERSHIP SUBSIDY PILOT PROGRAM

View the Hospital Partnership Subsidy Pilot Program Underwriting Guidelines here.

 

Urban Preservation Program (UPP)

View below for program guidlines and municipality list.

UPP Program Guidelines

Urban Preservation Municipality List

Workforce Housing Program (WHP)

View below for program guidlines and municipality list.

WHP Guidelines

Workforce Housing Municipalities