N.J. Admin. Code § 5:11-8.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 5:11-8.3 - Costs for planning and obtaining financing

Any Federal or State agency that is administering a Federal or State project or a Federal or State Assisted project may apply for a grant-in-aid to provide loans to nonprofit, limited dividend or cooperative organizations or to public bodies for the necessary and reasonable expenses, prior to construction, for planning and obtaining Federally insured mortgage financing for the rehabilitation or construction for displaced persons as set forth in N.J.S.A. 20:4-17. Any such grants-in-aid shall be repaid to the Department under the terms and conditions as set forth in N.J.S.A. 20:4-17.