The City of Hoboken is now accepting nonprofit applications to receive funding for their Affordable Housing Capital Fund to support related initiatives.
By John Heinis/Hudson County View
“The Affordable Housing Capital Fund reflects Hoboken’s steadfast commitment to ensuring our city remains accessible to residents of all income levels,” Mayor Ravi Bhalla said in a statement.
“By supporting non-profits and public agencies with this funding, we’re helping to create and preserve housing options for our workforce and most vulnerable populations. I encourage eligible organizations to apply as we continue to work to build upon our affordable housing stock.”
The Affordable Housing Capital Fund, established by developer contributions through an Oct 17, 2012, ordinance, is designed to finance affordable housing projects as part of the city’s ongoing commitment to provide housing opportunities for residents of all
income levels.
The ordinance requires that all expenses from the fund be allocated toward general capital improvements and workforce housing initiatives to address critical affordable housing needs.
Applications must be submitted to cwolf@hobokennj.gov no later than February 28th, 2025, at 4 p.m.
Detailed application requirements and submission guidelines can be found here.
