New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 43 - NEIGHBORHOOD PRESERVATION BALANCED HOUSING PROGRAM
Subchapter 3 - FUNDING CRITERIA
Section 5:43-3.8 - Section 202 and non-HOPE VI public housing new construction projects
Universal Citation: NJ Admin Code 5:43-3.8
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The Balanced Housing Program may provide assistance to eligible applicants applying on behalf of public housing authorities and not-for-profit sponsors to construct projects in accordance with Section 202 of the Housing Act of 1959 ( 12 U.S.C. § 1709) or, with the exception of HOPE VI projects (Section 24), the U.S. Housing Act of 1937 ( 92 U.S.C. §§ 1437 et seq.).
(b) The total Balanced Housing subsidy shall not exceed the lesser of $ 15,000 per unit or 15 percent of total project cost.
(c) Applications for a Section 202 or public housing new construction project must include a conditional or final commitment from HUD.
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