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The NJ Housing and Mortgage Finance Agency is established under, but is not a part of, the Department of Community Affairs and is constituted as a body politic and corporate and an instrumentality of the state, exercising public and essential governmental functions. Its members include the following ex officio members: Commissioner of the Department of Community Affairs, the State Treasurer, the Attorney General, the Commissioner of Human Services and the Commissioner of the Department of Banking and Insurance. There are also four public members appointed by the Governor with the advice and consent of the State Senate for terms of three years. The four public members must be residents of the state and must have knowledge in the areas of housing design, construction or operation, finance, urban redevelopment, or community relations. The Commissioner of the Department of Community Affairs is the ex officio Chairman of the Agency.
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