Greater Middlesex & Morris Habitat for Humanity (GMM Habitat) announced today that it will receive $422,740 in state funding from the New Jersey Affordable Housing Trust Fund (NJAHTF). Funding from this grant will support the construction of two homes in Morristown, N.J. that will be sold to low- and moderate-income households, well below market value.
The project will include one duplex with two or three bedrooms each. Anyone interested in learning more is encouraged to complete a homeownership interest form on GMM Habitat’s website at www.gmmhabitat.org to be notified when the application process begins.
This latest funding marks the tenth grant awarded to GMM Habitat by the New Jersey Department of Community Affairs (NJDCA), bringing the total funding received to over $7.4 million. These funds were instrumental in the construction of 41 new affordable homes to date.
“We are grateful to state leaders for this funding and their commitment to making housing affordable to its residents” said Liz DeCoursey, CEO of GMM Habitat. “However, the NJAHTF needs to be fully restored by the legislature. Without these critical state funds, our projects could be delayed years until enough funds are raised through other fundraising efforts.”
Last summer, state leaders diverted $125 million from the NJAHTF, only to restore $35 million, with an additional $10 million set aside for Habitat for Humanity projects. The $422,740 in funding for this project was part of the $10 million set aside.