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New Jersey Housing and Mortgage Finance Agency (NJHMFA) Market Study Checklist

The items New Jersey Housing and Mortgage Finance Agency (NJHMFA) requires in the site, market area, economy and data-currency sections of a LIHTC market study, each with the guideline it comes from.

Source: 2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) (Adopted: February 2, 2026 (58 N.J.R. 991(a))); read 2026-10-25 · Updated October 2026

Required items

Required itemWhere required
Site photographs: pictures of site, existing structures and immediate neighborhood; captions not addressed2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(2), p. 30
Area services table and map: retail, employment, public services, public transportation, infrastructure2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(2), p. 30
At-place employment history, 5 years2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(4)(B), p. 31
Major employers: list of major employers in the PMA plus announced workforce changes and new employers; map of major employers2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(4)(D), p. 31
Recent or planned employer expansions and reductions2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(4)(D), p. 31
Study within 6 months of the application2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii, p. 29
Agency form: executive summary with vacancy rate, capture rate, absorption period, market advantage; no named form (completed outside StudyScribe)2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(1), p. 30
Analyst: analyst certifies independence, knowledge, personal inspection of subject and comparables, and NCHMA Model Content Standards compliance (confirm before submission)2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(10), pp. 32-33
Other exhibit: Map of major employers and employment centers2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(4)(E), p. 31
Other exhibit: Employment by industry sector (PMA vs larger area)2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(4)(C), p. 31
Other exhibit: Resident employment/unemployment trend2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(4)(A), p. 31
Other exhibit: Neighborhood and market area maps2026 Qualified Allocation Plan, N.J.A.C. 5:80-33, subsection 5:80-33.12(c)1ii (market study) — 2026 QAP, N.J.A.C. 5:80-33.12(c)1ii(2), p. 30

LIHTC market study requirements in New Jersey → — staleness window, capture-rate threshold, QAP link and the full section list.

Export a Front End in the NJHMFA format

StudyScribe's Format for selector reorders the Market Data sections to this agency's order, uses its headings, and prints this checklist as the last page with each item marked present or missing — from BLS, Census, FBI and the other official sources, nothing estimated.

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This checklist restates New Jersey Housing and Mortgage Finance Agency (NJHMFA)'s published market study guidance as understood by StudyScribe on the date above; it is not legal or compliance advice. Confirm against the current guideline linked at the top before submitting.