Applications for CHOICE 2014 funding will be accepted through December 15, 2014. Applications received after December 15, 2014 will not be considered under the CHOICE 2014 program Guidelines. Applications must be complete in accordance with the requirements as outlined in the CHOICE 2014 Program Guidelines.  The CHOICE 2014 Program Guidelines are available at:

Incomplete applications will not be considered and applicants will be required to resubmit the application under the CHOICE 2015 Program Guidelines.   Applicants anticipating submitting CHOICE 2014 applications on or prior to the December 15, 2014 deadline should contact Joyce Earley at (609) 278-7550 or immediately.

Staff anticipates approval of the CHOICE 2015 Guidelines at the December 18, 2014 meeting of the NJHMFA Board. Upon approval and expiration of the Governor’s veto period the CHOICE 2015 Program Guidelines will available at:

CHOICE is the HMFA's comprehensive financing program for the development of newly constructed and substantially rehabilitated homeownership (owner-occupied primary residence) housing in New Jersey. The program features below-market interest rate construction loans and construction subsidy funding for developers as well as favorable end loan financing for eligible homebuyers.

CHOICE is intended to be a catalyst for the creation of viable homeownership markets in municipalities where home values currently do not support a sustainable new construction housing market. CHOICE is also intended to assist with the creation of resale-restricted affordable homeownership housing in municipalities that have viable homeownership markets overall but have included affordable housing in their redevelopment area plans.