The New Jersey Housing and Mortgage Finance Agency (NJHMFA), a state agency dedicated to increasing the availability of and accessibility to safe, decent and affordable housing, unanimously voted to temporarily suspend rent increases at all eligible properties within the agency’s portfolio as a result of the COVID-19 pandemic.

This temporary suspension of rent increases will expire at the end of the State of Emergency upon rescission of Governor Murphy’s Executive Order No. 103. Thereafter, eligible properties within the agency’s portfolio seeking rent increases of up to 1.4% may do so only after providing 30-days prior notice to NJHMFA and residents. Any rent increases in excess of this amount must first be reviewed and approved by NJHMFA.

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