DCA Announces More Than $35 Million in Affordable Housing Trust Fund Investments for Rental and Homeownership Projects

• Posted on: 11/26/2025

Nearly 230 New Affordable Units to Be Created in 23 Communities across New Jersey

TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) today announced the award of more than $35 million from the State’s Affordable Housing Trust Fund (AHTF) in fiscal year 2026 for 23 projects across New Jersey that create affordable homeownership and rental opportunities for New Jersey families. An additional $10 million was awarded for Habitat for Humanity projects.

The Murphy Administration has invested more than $260 million in state and federal housing trust funds for the creation of nearly 1,400 affordable homes statewide. This includes New Jersey’s $167,073,373 AHTF contribution.

“These FY 2026 awards reflect our ongoing commitment to expanding and preserving affordable housing across New Jersey,” said DCA Commissioner Jacquelyn A. Suárez. “By investing in these projects, we are helping municipalities create lasting, high-quality homes that meet the needs of today’s residents and future generations. Together, we’re strengthening neighborhoods, supporting local economies, and ensuring that people of all incomes can build their future right here in the Garden State.”

The projects selected for AHTF awards demonstrated strong municipal support, participation in other state-funded community development initiatives, partnerships with private sector investors, sustainability/resilience, walkability, mixed-use, accessibility, and thoughtfulness in addressing gentrification.

AHTF awards are largely given to smaller rental and homeownership housing projects sized at 25 or fewer units, which often have difficulty obtaining financing. The projects are also being developed by community-based organizations that have a strong connection to the housing equity issues in their communities. All housing units receiving AHTF funding must be deed-restricted for a minimum of 20 years.

“DCA brings great expertise and practical tools to help communities broaden housing opportunities for both current and future residents,” said DCA Assistant Commissioner and Division of Housing and Community Resources Director Janel Winter. “We’re proud to support these 23 projects with the financial resources they need to move forward, making it possible for more people to put down roots and remain in the communities they know and love.”

The AHTF dollars are allocated through three funds:

• Municipal Settlement Fund (MSF), which helps municipalities create smaller-scale projects that fit into the landscapes of their neighborhoods and assists them in fulfilling their court-sanctioned affordable housing settlements;
• Neighborhood Partnership Fund (NPF), which supports the development of affordable housing in Qualified Urban Aid Towns, particularly projects that leverage other existing resources to strengthen their neighborhoods; and
• Innovation Fund, which assists inventive projects that may not fit under the umbrella of the other two funds but that creatively advance the State of New Jersey’s housing goals.

The following is the list of projects awards.

Affordable Housing Trust Fund Awards

Award Recipient	Project	Municipality	County	Units	Funding Pool	Award Amount
Affordable Housing Alliance	Millstone Senior Housing III	Millstone	Monmouth	10	MSF	$3,000,000
BCUW/ Madeline Housing Partners, LLC	West River Road Affordable Housing	Rumson	Monmouth	12	MSF	$3,000000
Greater Bergen Community Action, Inc.	Hackensack Family Apartments	Hackensack	Bergen	24	MSF	$3,000,000
Hoboken World War Veterans Corporation	The Veterans Center of Hoboken Phase II Project	Hoboken	Hudson	18	NPF	$3,000,000
Interfaith Neighbors Inc.	Marmora Center	Asbury Park	Monmouth	8	NPF	$2,023,315
MREH New Point LLC	1039 E Jersey St	Elizabeth	Union	10	PF	$1,388,995
New Brunswick Tomorrow	Esperanza Homes Phase II	New Brunswick	Middlesex	6	NPF	$2,533,310
New Jersey Community Development Corporation	Spruce and Grand Street Apartments	Paterson	Passaic	10	NPF	$3,000,000
PG Affordable Housing Inc.	Natirar Affordable Housing Development	Peapack & Gladstone	Somerset	20	MSF	$3,000,000
Randolph Mt Freedom LLC	Sussex Woods Apartments	Randolph	Morris	25	MSF	$3,000,000
The Teamsters Building	The Teamsters Building	Union City	Hudson	25	MSF	$3,000,000
VOADV Property, Inc.	James S. Brown Place	Brigantine	Atlantic	6	MSF	$2,384,863
Wheatsworth Properties LLC	Bridgewater Affordable Housing	Bridgewater	Somerset	11	MSF	$3,000,000

 

Affordable Housing Trust Fund - Habitat for Humanity Awards

Award Recipient	Project	Municipality	County	Units	Funding Pool	Award Amount
Habitat for Humanity of Salem County NJ, Inc.	221 Route 45 Mannington Twp Affordable Homeowner-ship Project	Mannington	Salem	1	MSF	$323,276
Habitat for Humanity of Salem County NJ, Inc.	Harold St Affordable Homeowner-ship Project	Penns Grove	Salem	2	MSF	$818,738
Habitat for Humanity of South Central New Jersey	Northfield Development	Northfield	Atlantic	12	MSF	$2,995,000
Morris Habitat for Humanity	Ash Street Byram Twp. Affordable Homeowner-ship	Byram	Sussex	1	MSF	$325,690
Morris Habitat for Humanity	Laurence Pkwy, Old Bridge Affordable Homeowner-ship Project	Old Bridge	Middlesex	12	MSF	$2,122,490
Morris Habitat for Humanity	Orchard Street Morristown Affordable Homeowner-ship Project	Morristown	Morris	2	MSF	$422,740
Paterson Habitat for Humanity, Inc.	221-223 Summer Street Paterson Habitat Affordable Home	Paterson	Passaic	3	NPF	$381,464
Paterson Habitat for Humanity, Inc.	Paterson Habitat 232-234 Summer South Condo-miniums	Paterson	Passaic	3	NPF	$418,580
Paterson Habitat for Humanity, Inc.	Paterson Habitat 201-203 Hamilton Quality Affordable Home	Paterson	Passaic	4	NPF	$986,996
Paterson Habitat for Humanity, Inc.	Paterson Habitat 192-196 Hamilton Quality Affordable Home	Paterson	Passaic	4	NPF	$1,183,924

 

The AHTF funding awards can help municipalities meet their responsibilities under the State Constitution to provide their fair share of affordable housing for low- and moderate-income families. On October 18, 2024, DCA released calculations to assist municipalities in planning for affordable housing development over the next decade. While the calculations are nonbinding, they provide well-founded guidance for municipalities to use as they work to create lifecycle housing – options like townhouses, duplexes, and multi-family units that bridge the gap between single-family homes and large apartment complexes – for residents at all life stages and income levels from young professionals to seniors and caregivers.

The Division of Housing and Community Resources is committed to strengthening neighborhoods through the delivery of affordable housing and supportive services and to providing financial and technical assistance to municipalities, community action agencies, and other nonprofit organizations for community and economic development projects that improve the quality of life for residents, especially those who are vulnerable and disadvantaged. 

DCA offers a wide range of programs and services, including energy assistance, housing vouchers, affordable housing production, fire and building safety, community planning and development, local government management and finance, and disaster recovery and mitigation.

For more information about DCA, visit https://nj.gov/dca/ or follow the Department on social media: