The Tax Credit Allocation Division is responsible for allocating all competitive (9%Tax Credits) and Volume Cap Tax Credits (4% Tax Credits) for the state of New Jersey. All projects are awarded credits in accordance with HMFA's board adopted 2008 QAP (pdf 182k). Competitive Tax Credits are awarded two times annually; one application cycle in the Spring and one in late Summer. Applications for Volume Cap credits are accepted on a rolling basis. Here is a link to the instruction page to download the current application.
