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NJ: Aspire Program

New Jersey Economic Development AuthorityTAX_CREDITSTATEEquity-Free
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Amount
Not specified
Deadline
Open
Bootstrap Score
7/10
Complexity
8/10

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About This Opportunity

The Aspire Program offers tax credits to commercial and residential real estate development projects in New Jersey. It helps projects with financing gaps by providing financial incentives. Residential projects must allocate at least 20% of units to affordable housing, aiming to boost housing affordability and community strength.

Eligibility Requirements

Required
Must be a commercial or residential real estate development projectINDUSTRY
Required
Project must be located in New JerseyLOCATION
Required
Residential projects must include at least 20 percent affordable housingINDUSTRY

Application Guide

Process
APPLICATION ONLY
Difficulty
8/10
Selection Criteria

Projects are evaluated based on their status as commercial or residential real estate development, location in New Jersey, existence of financing gaps, and for residential projects, the inclusion of at least 20 percent affordable housing.

Tips for Applicants

Clearly articulate the financing gap your project faces and, for residential developments, emphasize your commitment and plan for meeting the 20% affordable housing requirement.

Geographic Coverage

NJ

Links & Resources

Source & freshness

Last verified: 6/17/2026

Primary source: Official source page

Refresh cadence: Listings are refreshed weekly.

Reminder: Confirm eligibility and deadlines before applying.

View all opportunities from New Jersey Economic Development Authority