The People We Serve:
The New Jersey Housing and Mortgage Finance Agency (HMFA) provides funding
for affordable home ownership and housing opportunities for New Jersey
residents.
Our Expertise:
HMFA responds to the needs of its residents by implementing creative programs
and establishing alliances that:
- fund affordable home mortgages for first-time home
buyers;
- promote construction and rehabilitation of rental
housing;
- encourage mixed-income, owner-occupied housing growth
as a means to stabilize urban neighborhoods;
- advance the growth and development of municipalities;
- contribute to the quality of life of older adults,
the disabled and those with special housing needs; and
- formulate partnerships to foster the economic development of New Jersey
and the personal development of its residents.
Our Resources:
HMFA raises program funds
by:
- selling taxable and tax-exempt bonds to private
sector investors in national financial markets;
- applying for and administering federal and state
grants and housing assistance programs; and
- fostering cooperative relationships with state, municipal, not-for-profit
agencies and foundations.
HMFA does not rely on any direct funding from the State Treasury to meet its
core operating or administrative expenses. HMFA does rely on progressive federal
and state housing legislation to contribute to the vitality of the state's
economy and the quality of life of its residents.
