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New Bill to Encourage Construction of Affordable Housing in “High-Opportunity Areas”

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the staff of the Ridgewood blog

Trenton NJ,  Legislation sponsored by Senate Community and Urban Affairs Committee Chair Senator Troy Singleton, which would require the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to allocate a certain portion of federal low-income housing tax credits (LIHTCs) to certain high-opportunity areas, advanced from the Senate today.

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