New Jersey Senior and Disabled Cooperative Housing Finance Incentive Program
This program provides construction and/or permanent financing to qualified housing developers of home ownership units or shared living rental units for low- and moderate-income senior citizens and disabled individuals. Mortgages may be available to low- and moderate-income seniors and disabled individuals for the purchase of cooperative housing shares. Eligible properties include newly constructed, substantially rehabilitated or retrofitted housing. The housing unit may be an apartment in a small complex with a community room or a home within which the individual has a private bedroom and shares common areas. The housing unit must be occupied as the principal place of residence.
The Services for Independent Living (SIL) Program
Established at the Agency in 1988 to promote independent living and prevent premature or unnecessary placement in nursing homes for residents of HMFA-financed senior housing developments, the mission of the Services for Independent Living (SIL) program is to enhance the quality of life for residents in these developments. The SIL program is currently available in 67 buildings, serving approximately 10,000 residents each year. HMFA provides the training, resources and guidance necessary for onsite services coordinators to develop appropriate programs and services for residents. SIL staff trains the onsite service coordinators to develop and implement services encompassing such areas as health screening, meals, housekeeping and personal care, as well as recreational, educational and cultural activities. In order to enhance and expand services for residents in SIL buildings, the SIL program has partnered with a wide variety of community, state and federal organizations including the Social Security Administration, the New Jersey Department of Health and Senior Services, the State Health Insurance Program (SHIP), Rutgers School of Social Work, local hospitals and home health agencies. In October 1999, the SIL program won an award for Program Achievement in Special Needs Housing from the National Council of State Housing Agencies.
For information contact: Maria DiMaggio, Community Development Officer, (609) 278-7512
