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New Jersey invests $28 million to increase affordable housing statewide

November 26, 2018 / Ben Lane

The state of New Jersey is investing $28 million through a series of Low Income Housing Tax Credits that will help build 1,400 affordable apartments for families, seniors and special needs residents across the state. The LIHTC investments will come from the New Jersey Housing and Mortgage Finance Agency, which announced last week that it is awarding $28 million in LIHTC credits to 22 developments in 12 counties.