New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 47 - NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
Subchapter 4 - PROJECTS
Section 5:47-4.1 - Introduction

Universal Citation: NJ Admin Code 5:47-4.1

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The Department shall prepare an application form that specifies the components of the project to be submitted to the Department consistent with the provisions of this subchapter.

(b) A project means one or more activities, as further described below, to be carried out in accordance with a neighborhood revitalization plan approved by the Department, utilizing, but not limited to, funds provided by a business entity receiving a certificate for neighborhood revitalization tax credits pursuant to 52:27D-492. A project shall include one or more housing and economic development activities, and may also include one or more other neighborhood revitalization activities as defined in 5:47-1.2.

(c) In preparing project submissions, nonprofit organizations should also address the criteria set forth under 5:47-5.2 and 5.3.

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