Maybe you had a construction project underway that COVID put a stop to, and three years later rising costs are a funding obstacle you cannot overcome. The New Jersey Economic Development Authority (NJEDA)‘s Construction Inflation Fund can close that funding gap and help get your real estate project finished.
The $10 million Construction Inflation Fund is a competitive grant program created to address the impacts of COVID-19 by providing support to real estate development with funding for real estate substantial rehabilitation, new construction, and development costs associated with each project. The Fund was created through the federal American Rescue Plan’s Coronavirus State and Local Fiscal Recovery Funds.
Applications must be submitted by 19 October 2023 at 5:00 pm.