New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 80 - NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY
Subchapter 9 - RENTS
Section 5:80-9.3 - Rent determination
Universal Citation: NJ Admin Code 5:80-9.3
Current through Register Vol. 56, No. 18, September 16, 2024
(a) At least once each year, each housing sponsor shall make a determination of the rents and/or carrying charges to be applied in the housing project. Hereinafter, the term "rent" shall be construed to include carrying charges and the term "housing sponsor" shall be construed to include a properly authorized representative of the housing sponsor. An annual rent determination shall be made regardless of whether or not a rent increase is being requested.
(b) The rent determination shall be in the form of a resolution or letter from the sponsor.
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