On December 19, 2024, the New Jersey legislature passed legislation amending multiple sections of statute governing the New Jersey Aspire Program, most importantly as it relates to the state purchase of unused tax credits....more
1/10/2025
/ Affordable Housing ,
Financing ,
Investment ,
Investors ,
Lenders ,
Municipalities ,
New Jersey Economic Recovery Act of 2020 (ERA) ,
New Legislation ,
Real Estate Development ,
State and Local Government ,
State Taxes ,
Tax Credits ,
Tax Incentives
What You Need to Know-
• New Jersey has passed legislation, effective immediately, designed to protect the structural integrity of condominiums and cooperative buildings in response to the June 2021 collapse of the...more
What You Need to Know-
•The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more
7/11/2023
/ Affordable Housing ,
Economic Development ,
Governor Murphy ,
LIHTC ,
Low Income Housing ,
New Jersey ,
New Jersey Economic Recovery Act of 2020 (ERA) ,
Real Estate Development ,
Redevelopment ,
State and Local Government ,
Tax Credits
What You Need to Know-
•New Jersey’s Uniform Construction Code has been amended to provide for expedited inspections of building projects in the state.
•The revised construction code, upon implementation, will provide...more