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Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives

State Program Has Up to $50 Million Total Allotted for Tax Credits
Atlantic City is one of five cities in New Jersey where residential developers can get tax credits of up to 40% of their eligible project costs. (Getty Images)
Atlantic City is one of five cities in New Jersey where residential developers can get tax credits of up to 40% of their eligible project costs. (Getty Images)
CoStar News
June 1, 2021 | 9:50 P.M.

After a two-year halt, residential real estate developers in New Jersey can now apply for state tax incentives from $50 million set aside as part of legislation Gov. Phil Murphy signed earlier this year.

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