Active SLED Opportunity · NEW JERSEY · NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY
AI Summary
NJHMFA will auction up to $500M in state tax credits over six years starting 2025. Bidders must submit complete bids by May 15, 2026, following detailed instructions. Proceeds fund the State Tax Credit Subsidy Program.
Pursuant to P.L.2025, c.111, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) will sell up to $500,000,000 in tax credits over the course of no more than six years through competitive auctions, beginning in 2025. No more than $100,000,000 in tax credits will be sold annually, and tax credits will be sold for no less than 80 percent of the tax credit amount. The funds from the auction, minus administrative and operational costs, will be deposited into the State Tax Credit Subsidy (STCS) Program Fund.Bidders must comply with the instructions contained in each part of the bid completely, remembering to submit all requested documentation. The bid should be clear, unambiguous, and complete in all respects at the time of submission. Late and incomplete bids will not be accepted. If any representations made in the bid are materially inaccurate or not fulfilled, NJHMFA may bar bidders from submitting future bids.If you need help completing this bid, please review the Frequently Asked Questions (FAQs) on the website at https://www.nj.gov/dca/hmfa/about/auction/.Written questions may be submitted to auction@njhmfa.gov.If your firm requires NJHMFA's w9, please email auction@njhmfa.gov for a copy.It is recommended that PDF files be filled out in Adobe Acrobat.
| Status | Event Name | Location | Description | Dates | Mandatory |
|---|---|---|---|---|---|
| Ongoing | Open Date | Online Portal | Posting date for the Opportunity | Apr 15th 2026, 9:00 AM EDT | N/A |
| Upcoming | Questions Due Date | Online Portal | Deadline to submit Questions | Apr 22nd 2026, 5:00 PM EDT | N/A |
| Upcoming | Close Date | Online Portal | Deadline for Submissions | May 15th 2026, 5:00 PM EDT | N/A |
Note: Template files for the items below (BidTables, Questionnaires) are available in the Attachments section of this opportunity.
| Name | Type | # Files | Requirement |
|---|---|---|---|
| State Tax Credit Auction Bid Form | File Type: PDF (.pdf) | Multiple | Required |
| Did you submit a wire-transfer for the refundable 10% bid deposit? | Data Type: Yes/No | N/A | Required |
| Did you submit a wire-transfer for the non-refundable bid fee of $500? | Data Type: Yes/No | N/A | Required |
| Tax Clearance Certificate | File Type: PDF (.pdf) | Multiple | Required |
| Iran, Russia, and Belarus Disclosure | File Type: PDF (.pdf) | Multiple | Required |
| Additional Related Entities | File Type: Excel (.xls, .xlsx) | Multiple | Optional |
| ADDITIONAL ATTACHMENTS (Optional) | File Type: Any (.*) | Multiple | Optional |
| How did you hear about this Auction opportunity? | Data Type: Text | N/A | Required |
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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