In February 2007, the New Jersey Green Homes Office (GHO) moved from the DCA Division of Housing to the offices of the New Jersey Housing and Mortgage Finance Agency. HMFA is dedicated to implementing policies and practices to help transform the market and aid the development of more sustainable and energy efficient affordable housing. To that end, HMFA is placing a higher priority on financing developments that bring about efficient, safe, healthy, prosperous and livable communities while simultaneously maintaining and enhancing the environment.

Green affordable housing directly benefits individuals and families by lowering utility costs and creating healthier living environments. Project developers and operators gain both directly and indirectly through higher quality, more efficient, and more durable projects. Green building strategies add value through increased tenant satisfaction, improved marketability, reduced turnover, lower operating costs, and increased longevity.