State · LIHTC 2026
LIHTC in New Jersey: 2026 allocations, QAP and data
New Jersey Housing and Mortgage Finance Agency (NJHMFA) allocates New Jersey's housing tax credits. The population-based part of New Jersey's 2026 9% credit ceiling, before carryforwards and returned credits, is $32,616,702. That is $3.416 times 9,548,215 residents. Its 2026 private activity bond cap, which 4% deals compete for, is $1,289,009,025 ($135 per person).
Agency and qualified allocation plan
| Allocating agency | New Jersey Housing and Mortgage Finance Agency (NJHMFA) |
|---|---|
| Tax credit program page | NJHMFA LIHTC page |
| Current QAP | 2026 Qualified Allocation Plan (N.J.A.C. 5:80-33) (2026) |
| QAP status | Adopted 2026 QAP (adopted Feb 2, 2026 per 58 N.J.R. 991(a)) covers 9% and 4% credits. PDF: nj.gov link |
Agency and QAP links checked 2026-10-30.
2026 credit ceiling and bond cap
| Item | 2026 | Per resident |
|---|---|---|
| Population (IRS Notice 2026-22) | 9,548,215 | 11th of 52 |
| 9% ceiling, population amount | $32,616,702 | $3.42 |
| Formula | greater of $3.416 × pop or $3,953,600 | per-capita applies |
| Private activity bond cap | $1,289,009,025 | $135.00 |
| Formula | greater of $135 × pop or $397,625,000 | per-capita applies |
Sources: IRS Rev. Proc. 2025-32 secs. 4.08 and 4.19 (the 9% amounts already include the 12% increase from Pub. L. 119-21 sec. 70422); IRS Notice 2026-22 (2026-15 I.R.B.). Computed by us and rounded to the dollar; agencies may round differently.
Only the population amount is shown. The full 2026 ceiling adds credits unused from 2025, credits returned by projects and any share of the national pool, which the agency reports in its allocation materials. See every state side by side on the 2026 ceilings and bond caps table.
Basis boost areas: 2027 QCTs and DDAs
HUD's 2027 lists, which apply from January 1, 2027, put 256 New Jersey census tracts in qualified census tracts, spread across 19 counties. No nonmetropolitan county is a 2027 DDA. In metro areas, 197 ZIP code areas (ZCTAs) are Small Area DDAs. A building in either can take 130% of eligible basis. Check an address with the QCT and DDA lookup.
| County | 2027 QCT tracts |
|---|---|
| Essex County | 49 |
| Hudson County | 37 |
| Passaic County | 35 |
| Camden County | 25 |
| Mercer County | 18 |
Metro areas with Small Area DDAs: Atlantic City-Hammonton, NJ HUD Metro FMR Area; Bergen-Passaic, NJ HUD Metro FMR Area; Cape May County, NJ HUD Metro FMR Area; Jersey City, NJ HUD Metro FMR Area; Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area; Monmouth-Ocean, NJ HUD Metro FMR Area; Newark, NJ HUD Metro FMR Area; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA; Trenton-Princeton, NJ MSA; Vineland, NJ MSA; Warren County, NJ HUD Metro FMR Area.
Every New Jersey qualified census tract, with its population, poverty rate and median income, is on the New Jersey QCT list by county.
Source: HUD 2027 QCT and DDA designations, FR Doc. 2026-20390 (91 FR 63573, Oct. 6, 2026).
Tax credit properties in New Jersey
HUD's database lists 1,008 New Jersey properties financed with housing tax credits that the allocating agency still monitors, with 85,094 income-restricted units. The largest city totals are below; see all cities on the New Jersey apartments page.
| City | Properties | Restricted units |
|---|---|---|
| Newark | 99 | 10,521 |
| Camden | 43 | 4,586 |
| Jersey City | 53 | 3,872 |
| East Orange | 20 | 2,587 |
| Atlantic City | 14 | 2,094 |
| Trenton | 21 | 2,057 |
| Paterson | 25 | 1,722 |
| Camden City | 12 | 1,337 |
| Elizabeth | 20 | 1,239 |
| Bridgeton | 14 | 1,116 |
| County | Properties | Restricted units |
|---|---|---|
| Essex County | 177 | 17,507 |
| Camden County | 104 | 11,266 |
| Monmouth County | 83 | 6,538 |
| Hudson County | 82 | 5,892 |
| Middlesex County | 65 | 5,390 |
| Atlantic County | 46 | 4,690 |
| Mercer County | 62 | 4,633 |
| Passaic County | 53 | 4,374 |
| Burlington County | 61 | 4,179 |
| Ocean County | 52 | 3,730 |
For buyers and lenders: the New Jersey Year 15 and Year 30 list shows which of these properties reach the end of the compliance period or the 30-year extended use minimum from 2022 to 2034, by county.
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). City pages cover cities with at least five properties; county links go to that county's 2026 income and rent limits.
Financing a LIHTC deal in New Jersey
A 9% deal in New Jersey competes for NJHMFA's 2026 ceiling of $32,616,702 (population amount) under the 2026 Qualified Allocation Plan (N.J.A.C. 5:80-33). A 4% deal needs an award from the state's $1,289,009,025 private activity bond cap: tax-exempt bonds must finance 50% of the aggregate basis of the building and land, or at least 25% if one or more of those bonds, from an issue dated after December 31, 2025, together finance at least 5% of that basis (the 25% bond test, for buildings placed in service in taxable years beginning after December 31, 2025). Sites in New Jersey's 256 qualified census tracts for 2027 can take the 130% basis boost.
On HUD's records for the 560 New Jersey properties on this site's city pages, 0% of those reporting the field were financed with tax-exempt bonds and 49% took 9% (70% present value) credits; 74 received allocations in 2015 or later.
Sources: IRS Rev. Proc. 2025-32; HUD 2027 QCT list; HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024), bond and credit-type fields. What to read in a QAP: state LIHTC programs. Sizing a New Jersey deal: get a financing quote.
State housing tax credit
Not confirmed. No New Jersey state LIHTC found on NJHMFA pages; not confirmed either way.
More New Jersey data
- New Jersey 2026 income and rent limitsby county
- New Jersey tax credit apartmentsby city
- New Jersey QCTs and DDAs2027 lists by county
- Year 15 and Year 30 propertiesby county
- QCT and DDA lookupby address
- Monthly credit ratesIRS
- LIHTC in New Hampshireprevious
- LIHTC in New Mexiconext
- All statescompare
Questions people ask
How much 9% LIHTC does New Jersey get in 2026?
The population part of New Jersey's 2026 housing credit ceiling is $32,616,702: the greater of $3.416 per resident or $3,953,600, applied to the 9,548,215 population in IRS Notice 2026-22. The agency's actual 2026 authority also adds unused and returned credits and any national pool share, so its own published figure can be higher.
Who allocates housing tax credits in New Jersey?
New Jersey Housing and Mortgage Finance Agency (NJHMFA). It awards 9% credits under its qualified allocation plan (2026 Qualified Allocation Plan (N.J.A.C. 5:80-33), 2026) and sets the rules 4% bond deals must meet to receive credits.
Does New Jersey have a state low-income housing tax credit?
We could not confirm one from the agency or the statutes as of October 2026. No New Jersey state LIHTC found on NJHMFA pages; not confirmed either way.
Financing a New Jersey tax credit deal?
Construction, bond, bridge-to-equity and permanent debt for New Jersey 4% and 9% deals.