
NEWARK, NJ — The Murphy Administration announced a new collaboration between University Hospital in Newark and L+M Development Partners, Type A Projects, and MSquared under the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) groundbreaking Hospital Partnership Subsidy Program, through which leading hospitals partner with experienced residential developers to provide vital affordable and supportive housing -- including homes for frequent users of emergency services -- in their host communities.
The Hospital Partnership Subsidy Program stems from the recognition that access to quality housing is critical to maintaining good health and that hospitals are crucial anchor institutions well-positioned to advance housing in conjunction with healthcare. Under this award-winning program, NJHMFA matches funding contributions from participating hospitals to provide affordable rental apartments for low- and moderate-income families, as well as apartments with access to supportive and wrap-around services for residents with special needs.
“Access to housing and quality medical care are social determinants of overall health. This new partnership not only addresses homeless individuals’ lack of access to affordable housing, but it offers them lifesaving supportive services,” said Lt. Governor Sheila Oliver, who serves as Commissioner of the Department of Community Affairs and NJHMFA board chair. “This latest collaboration to develop housing opportunities for community members most in need will help break the cycle of homelessness in New Jersey.”
“There is a clear nexus between health and housing, and this collaboration will provide critical affordable and supportive housing to Newark residents. The University Hospital project brings together efforts from federal, state, and local entities for the good of New Jersey residents,” said Justin Scheid, HUD Newark field office director. “It is a testament to and model for successful public/private partnerships in the affordable housing industry.”