CHOICE

CHOICE

IMPORTANT NOTICE: ATTENTION DEVELOPERS!

Information about a CHOICE 2014 Information Session is forthcoming. We will post details as soon as a date and location have been confirmed. Please continue to check the website periodically for announcements. Thank you.

CHOICE is the HMFA's comprehensive financing program for the development of newly constructed and substantially rehabilitated homeownership (owner-occupied primary residence) housing in New Jersey. The program features below-market interest rate construction loans and construction subsidy funding for developers as well as favorable end loan financing for eligible homebuyers.

CHOICE is intended to be a catalyst for the creation of viable homeownership markets in municipalities where home values currently do not support a sustainable new construction housing market. CHOICE is also intended to assist with the creation of resale-restricted affordable homeownership housing in municipalities that have viable homeownership markets overall but have included affordable housing in their redevelopment area plans.