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Find similar grantsState Tax Credit Subsidy (STCS) Program is sponsored by New Jersey Housing and Mortgage Finance Agency (NJHMFA). A program incentivizing private investment in workforce and affordable housing production through competitive auctions for state tax credits.
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# New Jersey Housing and Mortgage Finance Agency # Official Site of The State of New Jersey Governor Mikie Sherrill • Lt. Governor Dr. Dale G.
Caldwell * TranslateSelect Language Choose a language to translate this page * FAQs Frequently Asked Questions ## New Jersey Housing and Mortgage Finance Agency ## New Jersey Housing and Mortgage Finance Agency * Agency Statute and Regulations * State Tax Credit Subsidy Program Auction * Procurement Information * Emergency Rescue Mortgage Assistance (ERMA) * Apply to Become Partner * Multifamily and Supportive Housing Lending Portal * Low Income Housing Tax Credits * LIHTC Compliance Portal * LIHTC Resources and FAQs * Developer Bulletin Archive * Contract Administration (PBCA) 3.
State Tax Credit Subsidy Program Auction ## State Tax Credit Subsidy Program Auction The New Jersey Housing and Mortgage Finance Agency (NJHMFA) will be auctioning up to $500 million in New Jersey State tax credits beginning April 15, 2026, at 9:00am ET. Each year, at most, $100 million in State tax credits will be awarded. The minimum bid price per tax credit is $0.
80 on the dollar. Awarded State tax credits can be applied to the Corporate Business Tax or Insurance Premium Tax in the tax privilege period as of the date of NJHMFA’s approval and any unused credit can be carried forward for use in the next seven tax periods.
All qualifying New Jersey businesses are encouraged to participate in this exciting tax savings opportunity, which affords New Jersey taxpayers the opportunity to realize direct, dollar for dollar tax reductions while supporting critical investment in the Garden State. Proceeds from each annual auction will be invested in the production of affordable and workforce housing.
**Auction Portal - Click Here** **Sample Tax Credit Purchase Agreement** **Auction Updates Sign-Up** **Frequently Asked Questions** ### New Jersey Housing and Mortgage Finance Agency * Agency Statute and Regulations * State Tax Credit Subsidy Program Auction * Procurement Information * Emergency Rescue Mortgage Assistance (ERMA) * #### Homebuyers & Renters * Apply to Become Partner * Low Income Housing Tax Credits * Developer Bulletin Archive * Contract Administration (PBCA) * #### Information Resources * Governor Mikie Sherrill * Lt.
Governor Dr. Dale G. Caldwell * FAQs Frequently Asked Questions * Legal Statement & Disclaimers New Jersey Housing and Mortgage Finance Agency
According to the current listing, eligibility includes: New Jersey businesses interested in investing in affordable housing projects. Confirm the full requirements in the official notice before applying.
State Tax Credit Subsidy (STCS) Program is funded by New Jersey Housing and Mortgage Finance Agency (NJHMFA). Verify program details on the funder's official page before applying.
This opportunity targets applicants in New Jersey. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
The Citi Foundation announced its 2026 Community Finance Initiative grantees on September 23, 2026 — 70 nonprofits at $500,000 apiece. The competition closed with a February 18 letter of inquiry, and the audited-financials and no-fiscal-sponsor rules screened the field before a single proposal was read.
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