New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 27D-373

a. Submit an application to the department on a form prescribed by the commissioner, which shall include the following information:

b. Demonstrate, to the commissioner's satisfaction, the corporation's capacity to establish, and administer a revolving loan fund as provided in section 7 of this act;  2 and

c. Provide the department with an outline of a plan to administer and establish, in cooperation with appropriate officials of the political subdivision, a housing program to bring neighborhood dwellings to acceptable levels of health and safety, indicating how the moneys are to be disbursed and at what terms and rates of interest. The plan shall include, but not be limited to: (1) criteria under which the credit worthiness of applicant homeowners shall be determined, consonant with the purposes of this act; (2) procedures for securing loans made to homeowners pursuant to this act; and (3) criteria to ensure that displacement of residential tenants is minimized, adequate tenant relocation assistance is provided and that the provisions of P.L.1974, c. 49 (C.2A:18-61.1 et al.), P.L.1975, c. 311 (C.2A:18-61.6 et al.), P.L.1978, c. 139 (C.2A:18-61.13 et seq.), P.L.1971, c. 362 (C.20:4-1 et seq.), P.L.1967, c. 79 (C.52:31B-1 et seq.) and P.L.1981, c. 226 (C.2A:18-61.22 et seq.) are complied with.