# N.J. Stat. § 55:14K-5.2: Additional powers of New Jersey Housing and Mortgage Finance Agency

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.2

## Section

- **Citation:** N.J. Stat. § 55:14K-5.2
- **Heading:** Additional powers of New Jersey Housing and Mortgage Finance Agency
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 55 / Chapter 14K / Section 14K-5.2

## Text

1. In addition to the powers otherwise granted in P.L.1983, c.530 (C.55:14K-1 et seq.), the New Jersey Housing and Mortgage Finance Agency shall set aside and designate, out of the funds that are or may become available to it for the purpose of assisting the production of affordable housing in the State, certain amounts to be used for assisting in the development of homeownership opportunities for residents of public housing who seek to acquire ownership of their residential units as part of a resident management corporation, a cooperative corporation or a condominium association formed by the residents of that public housing project through the program established pursuant to Subtitle B of Title IV of Pub.L.101-625 (42 U.S.C. s.12871 et seq.) or any other program administered by the federal government for extending homeownership opportunities to residents of public housing. Nothing in this act shall, in any way, relieve a housing authority of the need to submit a plan for replacement housing, as required under 24 CFR 970.11. L.1992,c.186.

## Nearby sections

- [N.J. Stat. § 55:14K-1 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-1.md)
- [N.J. Stat. § 55:14K-2 Legislative findings and declarations](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-2.md)
- [N.J. Stat. § 55:14K-3 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-3.md)
- [N.J. Stat. § 55:14K-4 New Jersey Housing and Mortgage Finance Agency.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-4.md)
- [N.J. Stat. § 55:14K-5 Powers of agency](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.md)
- [N.J. Stat. § 55:14K-5.1 New Jersey Housing and Mortgage Finance Agency to provide written notice of funding](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.1.md)
- [N.J. Stat. § 55:14K-5.2 Additional powers of New Jersey Housing and Mortgage Finance Agency](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.2.md)
- [N.J. Stat. § 55:14K-5.3 Transfer of certain reserves to State for housing needs.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.3.md)
- [N.J. Stat. § 55:14K-5.4 Eligible loans during states of emergency; conditions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.4.md)
- [N.J. Stat. § 55:14K-5.5 Occupancy status, information access; shelter operator duties.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.5.md)
- [N.J. Stat. § 55:14K-5.6 Criteria for receiving funding; compliance.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.6.md)
- [N.J. Stat. § 55:14K-6 Financing of construction, improvement or rehabilitation of housing projects; loans; application; priorities.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-6.md)
- [N.J. Stat. § 55:14K-7 Terms and conditions of loans.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-7.md)
- [N.J. Stat. § 55:14K-7.1 Shower, bathtub safety rails required in certain senior rental projects.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-7.1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T55_C14K_S14K-5.2. Check the current official text before relying on it. Not legal advice.