New Jersey Statutes Title 54. Taxation 54 § 4-3.143

When an urban redevelopment project, approved pursuant to section 19 of P.L.1961, c. 40 (C.40:55C-58) includes the construction of qualified residential property, and the project is located in a qualified municipality which has adopted the provisions of this act, the urban renewal corporation or association carrying out the project may, upon completion of that qualified residential property, make application for tax abatements under this act on behalf of prospective purchasers of dwelling units whether the units be owner occupied or investor owned.