New Jersey Housing and Mortgage Finance Agency


Mission Statement

The People We Serve: 
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) provides funding for affordable home ownership and housing opportunities for New Jersey residents. 

Our Expertise: 
NJHMFA responds to the needs of its residents by implementing creative programs and establishing alliances that: 

  • fund affordable home mortgages for first-time home buyers;
  • promote construction and rehabilitation of rental housing;
  • encourage mixed-income, owner-occupied housing growth as a means to stabilize urban neighborhoods; 
  • advance the growth and development of municipalities;
  • contribute to the quality of life of older adults, the disabled and those with special housing needs; and
  • formulate partnerships to foster the economic development of New Jersey and the personal development of its residents.

Our Resources: 
NJHMFA raises program funds by: 

  • selling taxable and tax-exempt bonds to private sector investors in national financial markets;
  • applying for and administering federal and state grants and housing assistance programs; and
  • fostering cooperative relationships with state, municipal, not-for-profit agencies and foundations.

NJHMFA does not rely on any direct funding from the New Jersey State Treasury to meet its core operating or administrative expenses. NJHMFA does rely on progressive federal and state housing legislation to contribute to the vitality of the state's economy and the quality of life of its residents. 


Executive Director

Melanie R. Walter 
Executive Director, New Jersey Housing and Mortgage Finance Agency (NJHMFA) NJHMFA Executive Director Melanie R. Walter

Melanie R. Walter brings broad-ranging experience in government and community-related matters in New Jersey state government to her role as Executive Director of the New Jersey Housing and Mortgage Finance Agency (NJHMFA). Before joining NJHMFA in January 2021, Walter previously served as Department of Community Affairs (DCA) Director of the Division of Local Government Services (DLGS) And Former Deputy Attorney General.

In the role of DCA Director of the Division of Local Government Services (DLGS) and Local Finance Board Chairwoman, Ms. Walter advocated for local government interests, revitalizing the Division’s supportive initiatives and developing grant programs while overseeing the financial and operational regulation of New Jersey local units to help ensure fiscal solvency. Through these functions, she championed transparency measures as well as expansive open data and local education programming and enhanced local procurement, municipal officer certification, and distressed municipality resources.   More recently, Ms. Walter has developed and implemented numerous COVID-19 response and recovery measures.

Prior to joining DCA in 2018, Walter served as Deputy Attorney General in the New Jersey Division of Law’s Personnel, Community Affairs, and Elections section. In that capacity, she counseled several departments, handling a broad array of complex counseling and litigation matters for the Department of Community Affairs, the Civil Service Commission, and other state agencies.

Ms. Walter, a New Jersey native, earned her Juris Doctor from the College of William and Mary School of Law, her master’s in public policy from the Thomas Jefferson Program in Public Policy at the College of William and Mary, and her bachelor’s degree in economics from the University of Mary Washington. She is a member of the New Jersey and Virginia bars.


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