State Tax Credit Auction RFP

Description: 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.