The Housing Partnership of New Jersey (HPNJ) Community Development Financial Institution (CDFI) Loan Program will provide financial assistance to underserved communities to promote homeownership, support critical home repairs, and enhance long-term financial stability.
Get the down payment support you need to purchase your first home
Make essential home repairs and improvements
Consolidate debt and regain control
Offers up to $20,000 in funding for essential home repairs and improvements.
Provides up to $10,000 to help borrowers manage and reduce outstanding debts.
Offers up to $20,000 to help clients achieve homeownership by making home purchases more affordable.
To support successful loan management and improve financial well-being, all borrowers are required to participate in financial counseling.
The Borrower will work with a financial counselor to develop a personalized financial management plan based on their individual needs.
The frequency and duration of counseling sessions will vary depending on their financial situation and progress, as assessed by the CDFI Manager.
The HPNJ CDFI Loan Program offers affordable loans ranging from $500 to $20,000 with flexible terms of up to 36 months, depending on your specific loan needs. Interest rates are based on your credit profile, with no prepayment penalties and a rolling monthly application cycle.
To ensure long-term financial success, all borrowers are required to participate in personalized financial counseling, working with a dedicated counselor to develop a tailored management plan based on individual needs. Counseling frequency may vary depending on financial circumstances and progress.
Eligible applicants must be New Jersey residents age 18 or older (or legally able to enter a contract), demonstrate financial need and creditworthiness, and submit complete and accurate documentation.
Step 1: Please contact one of the staff below for more information and assistance in applying.
Adelaida Muñoz
CDFI Special Program Director
Adelaida.Munoz@hpnj.us
973-659-9222 #315
Sita Red
Executive Office Manager
sred@hpnj.us
973-659-9222 #305
Step 2: The following are the forms required to apply. You are welcome to view them over to learn what other information is needed. The Housing Partnership asks demographic questions in order to be compliant with grant funders and reporting requirements. Answering the forms completely helps us help you and we thank-you in advance for your assistance in completing the forms.
Step 3: Collect and make copies of the documents listed below to be submitted with your intake packet
Step 4: Participate in personalized financial counseling, working with a dedicated counselor to
develop a tailored management plan based on individual needs. Counseling frequency may vary depending on financial circumstances and progress.
Sullivan Bean
Development Director
development@hpnj.us
973-659-9222 #313
To Be Decided
Executive Director
973-659-9222 #301
