New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 1B-329

(1) 80 percent of the total project cost for a redevelopment project that is located in a government-restricted municipality;

(2) 60 percent of the total project cost for a residential project that receives a four-percent allocation from the federal Low Income Housing Tax Credit Program administered by the agency

or a redevelopment project that is located in a qualified incentive tract, enhanced area, or a municipality with a Municipal Revitalization Index score of at least 50; or

(3) 50 percent of the total project cost for any other redevelopment project.

(1) $120,000,000 per redevelopment project or phase for a redevelopment project that is located in a government-restricted municipality;

(2) $90,000,000 per redevelopment project or phase for a redevelopment project that is allowed a tax credit under paragraph (2) of subsection a. of this section; and

(3) $60,000,000 for any other redevelopment project or phase.