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NJEDA board OKs $10M in gap financing to back N.J. real estate projects

Summary by ROI-NJ

The New Jersey Economic Development Authority Board recently approved $10 million in grant funding under the Real Estate Gap Financing Program to support the development of five real estate projects. The program provides gap financing for impactful real estate development projects located in select municipalities that address the negative economic impacts of the COVID-19 pandemic. “New Jersey has prioritized fostering a sustainable economic rec…

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NJBIZ

NJEDA clears $10M for 5 real estate gap financing projects

Five real estate projects designed to alleviate effects of the COVID-19 pandemic will share $10 million in grant funding. The New Jersey Economic Development Authority announced approval from its board Aug. 26 to support the work. The Real Estate Gap Financing Program provides funds to “impactful projects” in select municipalities. NJEDA approved the program in 2024. A $10 million pilot, the Real Estate Gap Financing Program provides grants cove…

3 months ago

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