A Summary of New Jersey’s HTC’s
- New Jersey Historic Property Reinvestment Program
- 40 percent of the cost of rehabilitation up to a maximum of $4 million, for rehabilitation projects NOT located within a qualified incentive tract or a government-restricted municipality
- 45 percent of the cost of rehabilitation up to a maximum of $8 million, for rehabilitation projects located within a qualified incentive tract or a government-restricted municipality
- 45 percent of the cost of rehabilitation up to a maximum of $50 million for rehabilitation projects that include a transformative property
- Annual Program Cap: $50 million
- Sunset Date December 31, 2028
- Prevailing wage requirement
