Qualified applicants include the following entities whose geographic catchment areas include an FDC:
- New Jersey municipal government,
- County governments, and
- Redevelopment agencies
Applicant may serve or have offices in a broader geographic area, proposals must be for a distressed asset located within the borders of an FDC.
The proposed plan must be for an asset which meets the above-mentioned definition of a distressed asset, and the proposed plan must leverage a distressed asset within one of the 50 FDCs.
Applicants must provide a letter of support from the Office of the Mayor or Chief Executive of the municipality where the asset is located and at least one stakeholder located within the boundaries of the FDC.
For a property owned by a New Jersey County, the applicant must provide a letter of support from the property owner or their designee for the proposed project; this must be signed by the Chief Executive of the government entity, independent agency or authority or their designee.
For a property owned by a private individual or by a non-governmental for-profit or non-profit entity; the applicant is required to provide a letter of support signed by the owner, co-owner, corporate officer, or their designee.
Eligible entities must have a valid tax clearance certificate from the New Jersey Division of Taxation
A municipality, a county, or redevelopment agency may submit multiple applications in a lead role and can be included as a partner in additional applications where they play a non-lead role. A municipality, county, and redevelopment agency whose geographic catchment areas include an FDC can each submit a proposal but are encouraged to coordinate their applications.
**Proposals for directly owned New Jersey state land will not be considered.