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Anthony L. Marchetta Named as HMFA's Executive Director
The 2010 Governor's Conference on Housing and Community Development Takes Place in Atlantic City
DCA, HMFA Announce Winners of 2010 Excellence in Housing Awards
HMFA Announces the HomeKeeper Program
HMFA Hosts Lender/Real Estate Professional Training Session
Cape Manor Dedicated in West Cape May
Atlantic County Developers Finding New Ways to Offer Affordable Housing
Orange Gets $23.3M to Build Affordable Housing
Ground Broken in Red Bank for Affordable Housing
Red Bank and Collingswood Added to Live Where You Work Program
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Free, Statewide Housing Locator in New Jersey

The New Jersey Housing Mortgage and Finance Agency is pleased to offer NJHousing.gov, a free housing locator dedicated to helping New Jersey residents locate affordable rental and for-sale housing options. Searching is completely FREE and anonymous. You can search for housing using a wide variety of criteria like size, location, eligibility requirements and pet friendliness. Listings are up to date and offer up to 10 pictures, map links and neighborhood information so you focus only on the properties that fit your needs.

A professional, toll-free call center can provide search results by phone, fax or mail. Go to www.NJHousing.gov or call 877.428.8844 for toll-free assistance.
Franklin House Senior Apartments
Franklin House Senior Apartments


BEBP Development Company LLC (a joint venture between Bergen Engineering Company and Branca Properties, Inc) and Episcopal Community Development, Inc. (ECD) is pleased to present Franklin House Senior Apartments, an affordable 94-unit housing community for people 55 and over, located on Mill Street off Main Street in Franklin Borough (Sussex County), NJ.

Beautifully situated in the Highlands Region of Northern NJ, Franklin House offers residents modern, independent living in a serene natural setting, within easy proximity to municipal and retail services. The units enjoy views of the surrounding woods and hillside.

The units are modern, one-bedroom apartments that include a full kitchen, living room, dining area, storage, and a modern bath. Each unit has individually controlled heating and air conditioning, as well as energy-efficient thermopane windows. Each unit is fitted with an emergency pull-cord system as well as a tenant controlled door entry system. Optional cable TV is available.     

Franklin House features on-site parking, owner-paid gas, heat, and hot water, a central reception/site office, a community room, several craft and activity rooms, a bocci court, as well as coin-operated laundry areas. Supportive services are available, along with on-site medical screening and education programs. Franklin House also has a Tenant Services Coordinator on staff.

Apartments start at $472 and range up to $800 per month, income limits apply.

For more information on the development, click here.

Anthony Marchetta 2010
Anthony L. Marchetta
Executive Director
Anthony L. Marchetta became the Executive Director of The New Jersey Housing and Mortgage Finance Agency on September 1, 2010. Mr. Marchetta has over 35 years of experience in the public and private sector. Most recently, he was Vice President of LCOR Inc., where he developed multifamily and mixed use projects within the Mid-Atlantic region.

As an executive at LCOR, he managed the development of Gaslight Commons,
a 200-unit luxury rental project in the "Transit Village" of South Orange, NJ. This project won the first New Jersey Future "Smart Growth" award in 2002. Mr. Marchetta has also worked for Matrix Development Group and Baker Residential Inc. where he managed teams of attorneys, engineers, architects, environmentalists, and planners seeking approvals for both residential and commercial developments. He has 13 years of public sector service, including 10 years serving as Executive Director of the Middlesex County Department of Housing and Community Development. Governor Whitman appointed Mr. Marchetta to serve on the New Jersey State Planning Commission in 1998. Some of his many affiliations include the Regional Plan Association (RPA), The Urban Land Institute, and The National Association of Industrial and Office Parks (NAIOP). He is a graduate of Rutgers University, and also holds a Master of City and Regional Planning and a Master of Business Administration from Rutgers University.
Keynote Speaker Michael Graves
Conference Keynote Speaker Michael Graves
On September 28th, 2010, approximately 1,200 housing professionals, government officials, developers, lenders, nonprofits and consultants gathered at the Atlantic City Convention Center for the start of the 2010 Governor's Conference on Housing and Community Development hosted by the Department of Community Affairs (DCA) and New Jersey Housing and Mortgage Finance Agency (HMFA).

Over the course of the two-day event, conference participants were given the opportunity to learn ways they can navigate today's turbulent economy and advance housing projects in communities throughout the State. More...
Anthony Marchetta 2010
HMFA Executive Director Anthony L. Marchetta presents the awards
The New Jersey Department of Community Affairs (DCA) and the New Jersey Housing and Mortgage Finance Agency (HMFA) honored eight organizations with the Excellence in Housing Awards in recognition of their outstanding work in housing development. The award ceremony took place September 29 at the 2010 Governor's Conference on Housing and Community Development at the Atlantic City Convention Center.

"Governor Christie joins me in congratulating the winners of this year's Excellence in Housing Awards and commending them for their innovation in the field of affordable housing," said DCA Commissioner Lori Grifa. "New Jersey is making progress in providing homes and apartments that people can afford, in large part, because of the efforts of these award recipients and others like them." More...

Homekeepers thumbIn September the New Jersey Housing and Mortgage Finance Agency (HMFA) received a total of $300 million from the Hardest Hit Fund, a federal foreclosure prevention initiative to assist struggling homeowners as a result of adverse economic conditions.

The HMFA is using this funding to implement the New Jersey HomeKeeper Program (NJHK) which is expected to launch in January 2011. The NJHK will provide financial assistance to qualified New Jersey homeowners who are threatened with the loss of their homes due to their inability to make mortgage payments due to unemployment or substantial underemployment. More...

NCSHA Award Winners
HMFA's Mary Sheehy, Colleen Smith, and Executive Director Anthony L. Marchetta with the NCSHA award.
On Monday, October 4, 2010, the New Jersey Housing and Mortgage Finance Agency (HMFA) accepted a national award in Boston, Massachusetts from the National Council of State Housing Agencies (NCSHA) for a host energy financing programs offered through the HMFA Green Homes Office (GHO). The HMFA and Department of Community Affairs (DCA) are providing more than $40 million in energy efficiency financing for both multifamily residential buildings and single family homes.


HMFA Hosts Two-Day Lender/Real Estate Professionals Product Seminar: September 15 and 16
Jarrod Grasso Speaks at Product Seminar
Jarrod Grasso, President of the NJAR Speaks to the Attendees
On September 15-16, 2010, the HMFA hosted a Lender/Real Estate Professionals Product Seminar at our office, located at 637 S. Clinton Ave., Trenton, NJ. The popular event reached record attendance; both days were filled to capacity with professionals from around the State.

The seminar was targeted to Loan Originators, Sales Managers, Real Estate Brokers and Agents, and covered the following: 
  • Overview of the HMFA's First-Time Homebuyer Programs
  • Smart Start
  • Live Where You Work
  • Overview of the Critical Changes to Underwriting Guidelines
  • Question and Answer Period
Speakers included Jarrod Grasso, Chief Executive Officer of the New Jersey Association of Realtors; Joseph Sheridan, Past President of the New Jersey Mortgage Bankers Association; David McCarraher and Stuart Mindes of the U.S. Department of Housing and Urban Development; and Neal Hayes, of the U.S. Department of Agriculture.

Cape Manor Dedicated in West Cape May

Ribbon Cutting at Cape Manor
Ribbon Cutting at Cape Manor
The ribbon was cut to open Cape Manor, affordable supportive housing project for individuals with special needs at a ceremony Wed., Sept. 22, 2010.

The new structure appears to be a single-family home at 339 Fifth Ave. but actually houses seven apartments with kitchens and bathrooms. The project is a result of a collaborative effort between local government, a supportive services organization and an affordable housing developer.

Newly constructed on land donated by the Borough of West Cape May, Cape Manor will offer affordable permanent housing to individuals with mental and developmental disabilities, specifically young adults with autism spectrum disorders. More...

Original Article Citation Information
Fichter, Jack. "Cape Manor Dedicated in West Cape May." Cape May County Herald, September 22, 2010. Accessed November 4, 2010.

Atlantic County Developers Finding New Ways to Offer Affordable Housing

Investors were once ready to line up behind low-income housing projects, especially ones that guaranteed tax credits. But the recession and the decline of mortgage giants Fannie Mae and Freddie Mac left the market cold. To lure investors now, developers are getting creative.

That is the case for the Diocese of Camden, which held a groundbreaking ceremony Thursday for a six-story, 73-unit affordable housing complex for seniors at the former St. Peter Catholic Church in Pleasantville. More...

Original Article Citation Information

Ortiz, Erik. "Atlantic County Developers Finding New Ways to Offer Affordable Housing." PressofAtlanticCity.com, August 15, 2010. Accessed November 4, 2010.


Orange Gets $23.3M To Build Affordable Housing

Orange Affordable Housing
A photo taken just before demolition in June shows some of the Dr. Walter G. Alexander Court Housing Development in Orange. New housing plans include three-story townhomes.
Orange was awarded $23.3 million in financing and tax credits from the New Jersey Housing Mortgage and Finance Agency to build a new affordable housing complex, the first the city has built since the 1950s.

The new complex will consist of two sections, one for families and one for seniors, with a total of 114 units, said Walter McNeil, Executive Director of the Orange Housing Authority. It will be located on the site of the former Dr. Walter G. Alexander Court Public Housing Development, which covers the area between Parrow Street and Wilson Place next to Route 280. More...

Original Article Citation Information

Appelbaum, Aliza. "Orange Gets $23.3M to Build Affordable Housing." NJ.com, September 24, 2010. Accessed November 4, 2010.

Ground Broken in Red Bank for Affordable Housing
Red Bank Affordable Housing Groundbreaking
Reverend Terrence K. Porter, President of the Red Bank Affordable Housing Corp, joins officials including former mayor Edward J. McKenna, Jr., (third from left), and Mayor Pasquale Menna (second from right) in breaking ground for the new development.

A joyful groundbreaking ceremony for the Cedar Crossing affordable housing development on the borough's west side was held on September 23, 2010.

The borough, in conjunction with the Red Bank Affordable Housing Corp. (RBAHC), a nonprofit equal-opportunity housing agency, hosted the groundbreaking ceremony on Sept. 23 at the property known as Cedar Crossing, marking the beginning of construction of new affordable housing units. More...

Original Article Citation Information

Steinberg, Kimberly. "Ground Broken in Red Bank for Affordable Housing." The Hub, September 30, 2010. Accessed November 4, 2010.


Red Bank and Collingswood Added to Live Where You Work Program

The HMFA is proud to partner with 34 municipalities across the State in the "Live Where You Work" Program (LWYW), with Red Bank and Collingswood being the latest municipalities to join. Check out a fantastic article about Red Bank's participation as published in the Asbury Park Press.

LWYW is a special homebuyer workforce incentive program for people who wish to buy a home in the town where they work. LWYW provides low-interest, fixed rate mortgage loans, downpayment and closing cost assistance, and flexible underwriting criteria for the loan qualification process to qualified buyers.

The Live Where You Work program strives to revitalize and build sustainable communities that will provide a greener environment, access to alternative transportation and affordable housing opportunities for residents.

Live Where You Work received the 2009 President's Award for Innovation from the Council of State Community Development Agencies, a national association that supports state efforts in community development, affordable housing, local economic development and state-local relations. The award recognizes innovative activities, policies or programs that have been implemented at the state level and have demonstrated success in solving community needs.
The New Jersey Housing and Mortgage Finance Agency (HMFA) is leading the way through innovative programs that are building effective relationships with developers, corporations, non-profits and for-profits to produce more affordable housing. HMFA puts people first by financing single family and multi-family housing and encouraging mixed use developments. These initiatives promote sustainable development that protect open space, curb sprawl and improve regional transportation.

We are dedicated to making investments in communities across New Jersey and building neighborhoods where people want to raise families and build businesses. Part of that vision means providing people of all walks of life with access to safe, clean and affordable housing options. Thanks to the efforts of the HMFA, we are creating homes for our State's families.
Anthony's signature
Anthony L. Marchetta, Executive Director
New Jersey Housing and Mortgage Finance Agency
"Homefront" is produced and distributed by the New Jersey Housing and Mortgage Finance Agency. HMFA creates and implements programs to advance the rehabilitation, construction, preservation and financing of affordable housing for the State's residents, lenders, developers and contractors. HMFA is the state administrator for federal housing assistance programs and works in cooperation with State, municipal and non-profit agencies. HMFA secures program funding and operating expenses through the sale of taxable and tax-exempt bonds to private sector investors and is not dependent upon funding from the State Treasury.
No State tax dollars were used to design and produce this newsletter.