TRENTON, NJ—A mixed-income development in Jersey City, affordable apartments for families in Trenton, a senior community in Wall and supportive housing in Glassboro were among the 22 developments awarded more than $28 million in the highly competitive federal nine-percent Low-Income Housing Tax Credit program by the New Jersey Housing and Mortgage Finance Agency to expand affordable housing statewide.
The tax credits will support the creation of more than 1,400 affordable apartments for families, seniors and special needs residents in 12 counties. The projects total nearly $479 million in development investment and will create thousands of construction-related jobs, generate additional tax revenues and boost local economic activity.
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