September 20, 2018: N.J. Supportive Housing Initiative Gets $12 Million Boost

Partnership Between HMFA and Hospitals Recognizes Housing’s Relationship to Health

TRENTON – The New Jersey Housing and Mortgage Finance Agency Board today unanimously approved a $12 million investment in a new partnership with the New Jersey Hospital Association and its members to develop supportive housing as a pathway to healthier communities.

Under the joint initiative spearheaded by HMFA and NJHA, HMFA’s investment will be matched by participating hospitals to create affordable, mixed-income or mixed-use housing developments on or near hospital properties, with a supportive housing set-aside targeting high utilizers of emergency department services. The supportive housing model aims to address social determinants of health through a combination of housing, healthcare services and social supports that help individuals and families live more stable lives. Read More.


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