New Jersey Housing and Mortgage Finance Agency: A Guide to Housing and Finance

The New Jersey Housing and Mortgage Finance Agency is a state-run organization that plays a vital role in making homeownership more accessible and affordable for New Jersey residents.

The agency was established in 1983 to provide affordable housing and mortgage financing options to low- and moderate-income individuals and families.

One of its primary goals is to provide homeownership opportunities to those who may not have been able to afford it otherwise.

The agency achieves this goal by offering a range of programs and services, including mortgage financing, down payment assistance, and home repair and rehabilitation programs.

The New Jersey Housing and Mortgage Finance Agency has a strong commitment to community development, and has invested millions of dollars in revitalizing neighborhoods and supporting local economic development initiatives.

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NJHMFA offers a range of programs and services to support affordable housing and homeownership in New Jersey.

The agency finances over 70,000 rental units statewide, the majority of which are affordable to low- and moderate-income households. NJHMFA's administration of the LIHTC program has leveraged private investment for affordable housing development, overseeing over $1.3 billion annually in multifamily housing production.

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NJHMFA provides low-interest mortgages and other assistance to encourage homeownership among first-time buyers and low- and moderate-income households. The agency's single-family loan programs offer 30-year fixed-rate mortgages through participating lenders.

NJHMFA's Down Payment Assistance Program provides eligible first-time homebuyers with up to $15,000 as an interest-free, forgivable second loan to help cover upfront costs. The First-Generation Homebuyer Down Payment Assistance Program offers an additional $7,000 in forgivable assistance to first-time buyers whose parents or guardians have never owned a home.

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NJHMFA has financed over 70,000 rental units statewide, the majority of which are affordable to low- and moderate-income households.

The agency issues taxable and tax-exempt revenue bonds and allocates federal Low-Income Housing Tax Credits (LIHTC) to support the construction and rehabilitation of affordable apartments.

NJHMFA oversees over $1.3 billion annually in multifamily housing production through its financing programs.

The agency also offers programs targeting community redevelopment and specialized housing needs, such as supportive housing for people with disabilities or special needs.

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NJHMFA provides low-interest mortgages and other assistance to encourage homeownership among first-time buyers and low- and moderate-income households.

The agency's single-family loan programs offer 30-year fixed-rate mortgages through participating lenders, often combined with down payment and closing cost assistance.

NJHMFA's Down Payment Assistance Program provides eligible first-time homebuyers with up to $15,000 as an interest-free, forgivable second loan to help cover upfront costs.

The agency also administers specialized mortgage initiatives such as the Police and Firemen’s Retirement System Mortgage Program, which provides favorable home loans to active members of law enforcement and firefighting through the investment of state pension funds.

The New Jersey Housing Resource Center is an online platform designed to help New Jersey residents locate affordable housing options across the state.

The NJHRC connects renters, homeowners, developers, and housing providers with up-to-date listings of available rental units, homes for sale, and accessible housing opportunities.

NJHMFA has a role in helping homeowners avoid foreclosure during economic downturns, providing emergency mortgage relief and counseling services that benefited over 8,000 families statewide in the post-2008 period.

The agency launched the Emergency Rescue Mortgage Assistance (ERMA) program in 2021 to help households behind on their mortgages, delivering over $150 million in relief payments to approximately 5,000 New Jersey homeowners.

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Our Available Properties program is a great resource for those looking to invest in real estate owned properties. You can view our web app to explore the options available.

We make it easy to find the perfect property, with a user-friendly interface that allows you to filter and sort properties by location, price, and more.

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers various benefits to its clients.

The NJHMFA provides financing for affordable housing projects, allowing developers to build and renovate properties that meet the needs of low- to moderate-income residents.

The agency's programs also offer reduced interest rates and flexible underwriting guidelines, making it easier for borrowers to secure mortgages.

NJHMFA's employment opportunities are another benefit, as the agency employs a team of professionals who work to develop and implement its programs.

NJHMFA provides low-interest rate mortgage loans and down payment assistance, making homeownership more attainable for individuals and families who might otherwise be unable to afford it.

These programs often come with more favorable terms than those found in the conventional mortgage market, such as lower interest rates, reduced fees, or assistance with down payments and closing costs.

NJHMFA offers assistance with down payments and closing costs, which can be a significant burden for many homebuyers.

By providing financial assistance, NJHMFA helps borrowers achieve their dream of homeownership and build equity in a property over time.

NJHMFA's programs are designed to be more accessible than traditional mortgage options, making it easier for people to become homeowners.

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The New Jersey Housing and Mortgage Finance Agency is a significant employer in the state. 137 people are employed at New Jersey Housing and Mortgage Finance Agency.

Having a stable income is crucial for many individuals and families, and employment opportunities like those at the New Jersey Housing and Mortgage Finance Agency can make a big difference.

As it turns out, top employees are more likely to stay with a company when they feel valued and appreciated. This is why offering competitive salaries is crucial, as it allows them to meet their financial needs.

A 2019 survey found that 64% of employees would choose a job with better pay over one with more vacation time. This highlights the importance of salary in attracting and retaining top talent.

Employees who feel engaged and motivated are more productive and efficient, which can lead to increased profits for the company. According to a study, companies with high employee engagement see a 26% increase in sales.

Recognizing and rewarding employees for their hard work and achievements is also essential. A survey found that 55% of employees are more likely to stay with a company that recognizes and rewards their contributions.

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New Jersey Housing and Mortgage Finance Agency is based in Trenton, New Jersey.

The agency's location in Trenton is convenient for residents and businesses alike, with easy access to major highways and public transportation.

Trenton is a city with a rich history and a strong sense of community, making it an ideal location for an organization that supports affordable housing and mortgage finance.

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Lionel Fitzgerald is the CEO of New Jersey Housing and Mortgage Finance Agency.

The New Jersey Housing and Mortgage Finance Agency's financials are quite impressive. The agency's annual revenue was $22.1 million in 2025.

This revenue is a significant amount, especially considering the agency's mission to provide affordable housing and mortgage financing to New Jersey residents.

The agency's financial stability is crucial to its ability to fulfill its mission and provide essential services to the community.

In 2025, the agency's annual revenue was $22.1 million, a substantial amount that will likely have a positive impact on its operations.

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The New Jersey Housing and Mortgage Finance Agency is based in Trenton, New Jersey.

The New Jersey Housing and Mortgage Finance Agency is actively involved in promoting economic development and housing initiatives. Governor's Conference on Housing and Economic Development is a notable event that brings together stakeholders to share ideas and solutions.

The conference aims to chart a strong future for New Jersey, which suggests a focus on long-term growth and stability.

In the world of events, updates are crucial to keep attendees and organizers informed. The latest update is that the conference has been rescheduled to take place on March 12th, a change from the original date of February 25th.

Registration for the conference is now open, and early bird tickets are available until February 15th. This is a great opportunity to save $50 on the regular ticket price.

The conference will feature a keynote speech by a renowned expert in the field, who will discuss the latest trends and innovations. The speaker's presentation will be a highlight of the event.

A new venue has been announced for the conference, and it's located in a convenient downtown area with plenty of parking options. This change is expected to improve the overall attendee experience.

The conference program has been finalized, and it includes a range of engaging sessions and workshops. Attendees can expect to learn from industry experts and network with like-minded professionals.

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The Governor's Economic Development Conference is a great opportunity to learn from experts and network with others in the field. This conference is part of the Governor's Conference on Housing and Economic Development.

One of the main goals of this conference is to exchange new ideas and solutions to help New Jersey chart a strong future.

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