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New Jersey set to auction $500 million in tax incentives to create affordable housing fund

New source of subsidies is expected to help spur development
The New Jersey Housing and Mortgage Finance Agency, based in Trenton, invests in, finances and facilitates access to affordable housing. (iStock)
The New Jersey Housing and Mortgage Finance Agency, based in Trenton, invests in, finances and facilitates access to affordable housing. (iStock)
CoStar News
October 7, 2025 | 7:26 P.M.

A state agency in New Jersey has launched a program that will use the proceeds from selling $500 million in state tax credits to subsidize and spur the development of low-to-middle-income affordable housing.

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News | New Jersey set to auction $500 million in tax incentives to create affordable housing fund