www.marejournal.com M id A tlantic Real Estate Journal — Owners, Developers & Managers — 2017 NJ Governor’s Conference on Housing & Economic Development — September 29 - October 12, 2017 — 13B 2017 NJ G overnor ’ s C onference on H ousing & E conomic D evelopment $250m in volume cap (tax exempt bonds) is being awarded to finance construction costs of 2,275 units New Jersey Housing and Mortgage Finance Agency Awards Federal Low Income Housing Tax Credits S
sent the single largest an- nouncement of awards in New Jersey since the inception of the program, and will fund 2,175 units within 29 projects in 14 counties across the state. “The steps that the NJHM- FA has taken to broaden the impact of using tax credits as a development tool to create affordable housing across the state have opened the door to thousands of residents, not only improving their lives, but the greater community as well,” said the agency’s executive director Anthony Marchetta .
Additionally, $250 million in volume cap (tax exempt bonds) is being awarded to finance construction costs of 2,275 units. This mortgage financ- ing will be leveraged with the final tranche of $60 million in Fund for Restoration of Multi- family Housing (FRM) under Superstorm Sandy Commu- nity Development Block Grant - Disaster Relief (CDBG-DR) to construct 304 units in the nine most impacted counties. About SHA NJ The Supportive Housing Association of New Jersey (SHA) is a statewide, nonprofit
organization, founded in 1998, whose mission is to promote and maintain a strong sup- portive housing industry in New Jersey serving people with special needs. We do this by: Providing resources and services to our membership of over 90 organizations which include nonprofit and for-prof- it housing developers, service providers, allied statewide advocacy organizations, corpo- rate vendors and professional organizations, all dedicated to the supportive housing industry.
Strengthening the capacity of member organizations to provide supportive housing services through information, training, and collaboration Advocating for innovation and systems-change to provide more flexible funding and in- creased mainstream housing opportunities to allow people with disabilites to live as in- dependently as possible Educating policy makers, elected officials, people living with disabilities/families and the public on the use and ben- efits of the supportive housing model. n
outh Orange, NJ — The award of nearly $40 million in federal Low Income H o u s i n g Ta x Cr e d - its (LIHTC) through the New Je r - sey Hous - i n g a n d Mo r t gag e F i n a n c e Agency (NJHMFA) repre- AnthonyMarchetta Monroe Township, NJ — The New Jersey Apartment Association (NJAA) announced that Gary La Spisa, II has joined the organization’s government affairs team. As assistant vice president of Government Af- fairs, La Spisa will be respon- sible for managing legislative and regulatory issues that impact the multifamily apart- ment industry in New Jersey. Regarding the hire, NJAA’s executive director David Bro- gan said, “As the multifamily industry’s voice in Trenton continues to grow, it only makes sense to bring someone with Gary’s passion, integrity and dedication onto our team. Gary will be a true advocate for the owners, managers, developers and vendors that fuel such a large part of New Jersey’s economy.” La Spisa joins NJAA from the New Jersey Food Council, where he served as the direc- tor of public affairs. He has also previously worked as Legislative Director for As- semblyman Anthony M. Bucco and Campaign Coordinator for Frelinghuysen for Congress. La Spisa said, “It’s an excit- ing time to join the NJAA. For the past several years, I’ve watched as the NJAA has be- come a leading advocate for the business industry in Trenton. I am thrilled to join my new colleagues in representing the multifamily industry on the state and local levels.” NJAA’s advocacy efforts gained national recognition this July when the National Apart- ment Association awarded the organization the Excel Award for Government Affairs. La Spisa is a graduate of Se- ton Hall University and lives in Bridgewater with his wife, Nicole. n La Spisa, II joins NJAA government affairs team
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