53
FINDING AFFORDABLE HOUSING
Money Follows the Person Housing Partnership Program (MFPHPP) is a partnership between the HMFA and the New Jersey Department of Human Services (DHS) Division of Aging Services (DoAS). The program provides capital subsidy in the amount of $75,000 per unit to eligible non-profit and for-profit developers to set aside housing units for qualified disabled individuals aged 18 and over, currently living in nursing homes and assessed as being capable of living in the community with supportive services transitioning from nursing facilities to community settings. STATE FUNDING NJ Department of Community Affairs (DCA) Division of Housing and Community Resources Within the NJ Department of Community Affairs, the Division of Housing and Community Resources’ mission is to strengthen and revitalize communities through the delivery of affordable housing, supportive services and the provision of financial and technical assistance to communities, local government and community-based organizations. The Department of Community Affairs oversees several federal and state funded programs that promote affordable housing for families with low income, persons with disabilities. Through its Division of Housing and Community Resources, DCA administers programs for rental assistance, housing rehabilitation, relocation assistance, family self-sufficiency, emergency shelter grants and homelessness prevention, Community Services Block Grant and weatherization programs. The Division assists local groups to sponsor housing through programs that preserve, rehabilitate and expand the housing supply for families of low and moderate income. New Jersey Housing and Mortgage Finance Agency-Division of Special Needs The New Jersey Housing and Mortgage Finance Agency (HMFA) administers financing programs for service-enriched permanent, affordable housing development for people with special needs. They also provide technical assistance and coordination with developers and other state agencies. The agency works to improve housing opportunities for some of New Jersey’s most vulnerable residents, including people with developmental disabilities, mental health concerns, the homeless, elderly, people with HIV/AIDS and other under-served communities.
FEDERAL FUNDING Federal Department of Housing and Urban Development (HUD) 2EGION )) *ACOB + *AVITS &EDERAL "UILDING &EDERAL 0LAZA .EW 9ORK .9 212.264.8000 The Federal Department of Housing and Urban Development (HUD) is the primary federal agency promoting housing opportunities for people of low and moderate incomes. HUD administers several programs directly to not-for-profit and for-profit housing developers, and indirectly through state, local public housing authorities, counties, as well as Housing and Mortgage Finance Agencies to support the creation of affordable housing for people with special needs. With federal dollars, HUD funds various initiatives such as the Community Development Block Grants , and HOME funds. They publish a Notice of Funding Availability (NOFA) to announce the regulations and application processes. Further information about HUD programs can be located at WWWHUDGOV . HOME Program Under the HOME Program, HUD allocates funds to eligible state, county and municipal governments to expand the supply of affordable rental housing for families with low- income. HOME funds can only be matched with non-federal funding resources. Participating jurisdictions award HOME funds to meet the community needs as described in their consolidated plans. Generally, funds are utilized for rental assistance or acquisition, rehabilitation and new construction of housing. Community Development Block Grants (CDBG) provide federal funding to municipalities to help with economic development, housing rehabilitation and neighborhood revitalization. Some municipalities pool their resources and administer the funding through a county consortium. HUD Section 811 Project Rental Assistance (PRA) for people with disabilities provides rental assistance to subsidize the difference between the Fair Market Rent and the amount the residents can afford.
Made with FlippingBook - Online magazine maker