NEW ARTICLE: New Jersey’s Version of Tax Increment Financing – Known As “ERGG” – Successfully Closing Construction Financing Gaps on Projects across the State

AIM – Apartment Industry Magazine  |  By Ted Zangari and Cecilia I. Lassiter

New Jersey’s residential “ERGG” program enacted in 2013 has been so successful that some “buckets” of the allocated $600 million in tax credits are empty and others are quickly depleting. However, a prominent legislator recently introduced a bill to re-fund and recalibrate the program…

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