New Jersey Affordable Housing Trust Fund

The purpose of the Affordable Housing Trust Fund Program is to provide municipalities, for-profit and non-profit developers with financial assistance to spur the development of affordable housing across the state. These affordable housing developments have the potential to not only provide high-quality, much-needed housing for NJ citizens, but also to strengthen neighborhoods and stimulate economic development across the state. With this allocation of the Affordable Housing Trust Fund, the NJ Department of Community Affairs (DCA) seeks to support municipalities with court-sanctioned affordable housing settlements in creating needed housing, to build on existing assets and collaborations by funding projects that leverage other state or local investments and public-private partnerships to increase the impact of these funds, and to support innovation and projects that maximize impact. Funding for the program is generated from a portion of the realty transfer fee that is deposited into the NJ Affordable Housing Trust Fund.