Resilient Multifamily Housing Program

The Resilient Multifamily Housing Program will provide loans to owners of multifamily buildings that are under the oversight of the New Jersey Housing and Mortgage Finance Agency (NJHMFA) or are part of NJHMFA's tax credit portfolio. The loans will be used to pay for costs associated with rehabbing existing buildings to make them more resilient to disaster.

Eligible costs would include, but not be limited to, elevating and/or floodproofing buildings, moving equipment to safer parts of the property, installing emergency generators and/or on-site renewable generation, hardening sites, adding stormwater mitigation infrastructure such as berms, vegetation, bioswales, green roofs, blue roofs, and rain gardens, creating safe refuges, and/or performing other necessary exterior work.

No new construction of multifamily housing will be eligible.

Eligible properties must be located within the counties most impacted and distressed by Hurricane Ida. Those counties include Bergen, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Union, and Warren. 

The NJHMFA will administer the program while DCA will provide oversight of the program funds and ensure they are utiltized in compliance with applicable federal and state laws and regulations.

The program is under development and has not yet launched. Please check back for updates.