Housing and Mortgage Finance Agency

State agency that advances the quality of life for residents of and communities throughout New Jersey by investing in, financing, and facilitating access to affordable rental housing and homeownership opportunities for low- and moderate-income families, older adults, and individuals with specialized housing needs.

Not Started

In Progress

Completed

First Year

Direct all state departments and agencies to give priority funding and treatment to redevelopment projects compared to development of undisturbed greenfields. Increase DCA, EDA and HMFA subsidy funding and provide additional support for redevelopment. Create new and enhance existing programs, including at DEP and DOT, to reduce barriers and incentivize redevelopment.

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First Year

Direct the NJ Redevelopment Authority to coordinate and manage a public/private working group to create a redevelopment inclusion toolkit for municipalities that can be used in both gentrifying communities and already wealthy exclusionary communities. Elements of the toolkit should include:

1. Removing a percentage of housing units from the market and making them permanently affordable to lower income residents
2. Instituting an inclusionary housing ordinance that results in a percentage of all new residential units being permanently affordable to lower income residents
3. Reducing the cost structure of a percentage of commercial and retail spaces to ensure that small “mom-and-pop” and start-up businesses can exist
4. Developing public space guidelines to ensure all people have access to appropriate public spaces and facilities

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First Term

Support the implementation of form-based codes which regulate the height and bulk of buildings, but not their use to allow residential and non-polluting commercial uses to locate in the same neighborhood (e.g., the corner store). Ensure that mixed-use residential and commercial redevelopment is incentivized at agency level.

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