NJEDA Opens Applications For Historic Property Reinvestment Program
TRENTON, N.J. (November 6, 2023) – The New Jersey Economic Development Authority (NJEDA) will open applications for the next round of funding for the Historic Property Reinvestment Program (HPRP) on Wednesday, November 29th. The HPRP aims to incentivize community development and private investment through the preservation of historic properties throughout New Jersey.
WHAT: Created under the New Jersey Economic Recovery Act of 2020, the HPRP is designed to work in conjunction with the Federal Historic Tax Credit Program to bolster long-term private investments focused on the rehabilitation of identified historic properties. The Program aims to support work that contributes to the transformation of underutilized historic properties into productive assets and attracts people and private investment to New Jersey communities.
WHEN: Applications for Regular and Transformative projects will open at 10 a.m. on Wednesday, November 29th and will close at 2 p.m. on Thursday, February 29th. Eligibility requirements and further information on the HPRP, including a link to the application, can be found here.
About the NJEDA
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.