New Jersey Administrative Code › Title 5 - COMMUNITY AFFAIRS › Chapter 80 - NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY › Subchapter 33 - LOW INCOME HOUSING TAX CREDIT QUALIFIED ALLOCATION PLAN › Section 5:80-33.16 - Point system for the Age-Friendly Senior Cycle

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The point system for
				the Age-Friendly Senior Cycle includes all point categories of the Family Cycle
				except the point categories at
				N.J.A.C.
				5:80-33.15(a)3  concerning
				large-family units,
				N.J.A.C.
				5:80-33.15(a)5  concerning social
				services, and the point categories at
				N.J.A.C.
				5:80-33.15(a)14 ii and iii
				concerning public transportation and high-performing school districts,
				respectively.
(b) The Age-Friendly
				Senior Cycle also includes the following point categories:
1. A project that is fully located within a
				municipality wherein 25.00 percent or more of the residents in the municipality are
				55 years of age or older shall receive one point. NJHMFA shall rely upon the
				American Community Survey 5-Year Estimates, Table DP05 (ACS Demographic and Housing
				Estimates), U.S. Census Bureau. NJHMFA shall rely upon the data effective in the
				calendar year of the application deadline, as well as in the preceding
				year.
2. Applicants may select any of
				the following options for a maximum of nine points. Within six months of completion
				of rent-up for the project, the developer/owner shall notify the NJHMFA Division of
				Multifamily/Supportive Housing and Lending that the services indicated in the
				application are in place or are being put in place:
i. Three points shall be awarded to projects that
				offer on-site transportation at least once per week. Evidence of existing service
				and/or an executed contract stipulating fees and frequency of service shall be
				submitted in the application.
ii. Three
				points shall be awarded to projects that participate in the Services for Independent
				Living (SIL) program. Upon receiving a tax credit reservation, the developer/owner
				of the project shall sign an SIL participation agreement that outlines the
				responsibilities of the SIL program and of the developer/owner.
iii. Two points shall be awarded to projects that
				regularly offer a licensed and insured on-site healthcare provider with a private
				room.
iv. Two points shall be awarded to
				projects that offer an on-site pharmacy or wellness clinic, satellite hospital
				office, Program of All-Inclusive Care for the Elderly (PACE), medical day-care
				program, licensed assisted living facility, an Assisted Living Program (ALP), or
				similar partnership with a hospital or managed-care organization.
v. One point shall be awarded to projects that
				offer accessible outdoor community spaces (for example, gardens with walkways and/or
				benches) set aside for use by all residents, comprising at least 25 percent of the
				project's permanent open space, of which at least 80 percent is unpaved. Rooftop
				gardens can be included in open space calculations if the roof area is accessible to
				and can be used by all residents.
vi.
				One point shall be awarded to projects that offer an exercise
				room.