N.J. Admin. Code § 5:47-5.2

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:47-5.2 - Extent to which project addresses distress

(a) The Department shall evaluate the extent to which the activities set forth in the project address distress criteria, with particular emphasis on the following:

1. The extent to which they will alleviate poverty by increasing total household income;

2. The extent to which they will increase disposable income by increasing access to facilities and services at affordable prices, such as housing and health care;

3. The extent to which they will reduce unemployment, including creating jobs, increasing access to jobs, creating business activities, and strengthening existing neighborhood-based business enterprises; and

4. The extent to which they contribute to enhancing the quality of life in the neighborhood, as reflected in physical and/or programmatic improvements, in ways that have the potential to increase the market competitiveness of the neighborhood, and its attractiveness to potential homebuyers and renters, including, but not limited to, environmental and cultural resources, educational and recreational activities, business attraction and retention activities, historic preservation, and civic engagement.

(b) The relative level of distress of one neighborhood relative to other neighborhoods shall not be a consideration for purposes of establishing the rating of an application under this factor.

N.J. Admin. Code § 5:47-5.2