FINANCIAL_SERVICESAPPROVED

New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04

Bond intent for Northgate II Low Rise Rehab

Not to exceed $16,047,000 (estimated bond amount)New Jersey Housing and Mortgage Finance AgencyFAIR SHARE HOUSING DEVELOPMENT INCMay 4, 2026

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Description

The Agency approved a Declaration of Intent to issue up to $16,047,000 in tax-exempt bonds to finance Fair Share Housing Development Inc.’s Northgate II Low Rise Rehab project in Camden. The declaration allows reimbursement of eligible pre-bond construction and development costs from future bond proceeds.

Contract Details

Contract Amount

Not to exceed $16,047,000 (estimated bond amount)

Vendor

FAIR SHARE HOUSING DEVELOPMENT INC

Agency

New Jersey Housing and Mortgage Finance Agency, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

May 4, 2026

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Issuing Agency

New Jersey Housing and Mortgage Finance Agency

State Housing Authority

Trenton, NJ

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Vendor