Fund for Restoration of Multifamily Housing (FRM)
In an effort to increase the supply of affordable housing in communities affected by Superstorm Sandy, the Fund for Restoration of Multifamily Housing (FRM) Program offers qualified developers and Public Housing Authorities subsidies in the form of zero- and low-interest loans to finance the development of affordable housing in the nine counties the federal government determined were most impacted by Superstorm Sandy (Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean, and Union).
Eligible projects rehabilitate or replace affordable rental units damaged as a result of Superstorm Sandy or build new rental housing that addresses an unmet need resulting from the storm.
The FRM Program is administered by the New Jersey Housing and Mortgage Finance Agency (HMFA). Program guidelines, application forms, selection criteria and other program information are available at: