UNIAP - Application for Financing

UNIAP - Application for Financing

  1. What is UNIAP?
  2. 2020 Tax Credit Application Updates
  3. 2020 UNIAP Documents
  4. Questions?

  1. What is UNIAP?

    UNIAP is the Unified Application for HMFA Multifamily Rental Housing Production Programs. It is the one place to go to apply for:

    1. Multifamily Financing Programs - (Three [3] complete sets required at submission)
    2. Low Income Housing Tax Credits - (One [1] electronic copy - see below for instructions.)
    3. Supported Housing and Special Needs Programs -  (Two [2] complete sets required at submission)

    Projects often require funding from more than one of the programs listed above. The UNIAP consolidates the application process across programs, in order to reduce the number of forms you need to fill out.

    Before Applying: Review the program information available on this website and the program guidelines within the UNIAP. Please contact the appropriate program staff, particularly if you are seeking Special Needs financing, for pre-application guidance and instructions.

    top of page
  2. 2020 Tax Credit Application Updates

    9% Application Deadlines
    Family, Senior and Supportive Housing Cycles:  Noon on September 23, 2020

    Mixed Income Reserve: June 9 2020 - September 23, 2020 (Rolling)

    Submission Requirements

    All 9% applications must be submitted electronically through LeapFile to the LIHTC mailbox by the deadline (noon on September 23).

     LeapFile instructions can be found on the LIHTC Resources and FAQs page.

     No paper applications will be accepted. However, please note the application fee of $4,000 must be sent by check only – no wires – and must be received by September 23 deadline also. Applicants are strongly advised to send in the application fee early and via a delivery service with tracking. Applications received without the $4,000 application fee shall be deemed incomplete and ineligible for credits.  

     Please send check payments to:

    New Jersey Housing and Mortgage Finance Agency

    ATTN: Anne Hamlin

    Tax Credit Division

    637 South Clinton Avenue

    P.O. Box 18550

    Trenton, NJ 08650


    Underwriting Guidelines
    The underwriting guidelines shall be as follows:
    Equity Range
    No equity range will be established for the 2020 9% round. Applicants should underwrite at pricing based upon a commitment from their equity investor. However, applicants should be advised that no hardship applications will be accepted for adjustments made in equity pricing between application and closing with the investor. Applications without a firm commitment from an equity investor shall be underwritten at $.90.
    Applicable Percentage

    • 9.00% for the 70% present value credit
    • 3.20% for the 30% present value credit

    Average Income Set-Aside:
    Please be advised that 9% Applicants will NOT be permitted to underwrite assuming the new “Average Income” or “Income Averaging” federal minimum set-aside election in 2020 applications.

    All 2020 applicants must select either the 20% at 50% or 40% at 60% minimum set aside and adhere to current underwriting parameters (units underwritten above 60% of Area Median Income will be treated as market rate or unrestricted).  After award, owners should notify the Agency of any substantive changes to the project, including a requested change in minimum set aside by no later than carryover/ binding commitment.

    top of page
  3. 2020 UNIAP Documents

    The 2020 UNIAP is now available. See below for Application, Guides and Worksheets. (You will need Microsoft Word and Excel installed on your computer to open the .doc and .xls files, respectively.)

    top of page
  4. Questions?

    Contact the Tax Credit division by sending your written questions to the LIHTC mailbox at: NJHMFAtaxcredits@njhmfa.gov
    All questions and responses will be posted in the FAQs.  Applicants are encouraged to check the FAQs periodically for updates.  


    top of page