New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04
Agency signals bond financing for The Morris project
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Description
The NJHMFA approved a Declaration of Intent to issue up to an estimated $22.95 million in tax-exempt bonds to provide permanent financing for New Community Homes Development, LP’s The Morris project in Newark. This step preserves tax-exempt reimbursement of eligible development expenses incurred before bond issuance.
Contract Details
Contract Amount
Not to exceed $22,950,000 (estimated)
Vendor
NEW COMMUNITY HOMES DEVELOPMENT LP
Agency
New Jersey Housing and Mortgage Finance Agency, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
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APPROVEDIssuing Agency
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State Housing Authority
Trenton, NJ
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New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04
New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04
New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04
New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04
New Jersey Housing and Mortgage Finance Agency Minutes 535th Board Meeting 2026-05-04
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