Housing Finance Applications and Awards

Maximizing and leveraging public and private resources in the development of affordable and mixed-income housing is a hallmark of The Metro Company's financing strategy. Metro has successfully obtained funding awards from a wide variety of sources, including but not limited to: conventional bank financing, state, county and municipal HOME Investment Partnerships Programs, the Federal Home Loan Bank's Affordable Housing Program, the Neighborhood Stabilization Program,  NJDCA Balanced Housing, HOME Express, CHOICE, Community Development Block Grants, and a variety other grant and loan programs from the U.S. Department of Housing and Urban Development (HUD) and the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Metro has an unparalleled record of success in financing tax-credit projects in New Jersey.  Since 1989 46 out of 52 tax-credit applications submitted by the firm to the New Jersey Housing and Mortgage Finance Agency (NJHMFA) were awarded an allocation of Low Income Housing Tax Credits under a highly competitive and complex application process. These projects each attracted multiple competitive investment offers as a result of the sound underwriting practices utilized by Metro, and have been developed and operating successfully.

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