New Jersey NJEDA Adopts, Proposes Amending Historic Property Reinvestment Program Regulations

The New Jersey Economic Development Authority (NJEDA) adopted and concurrently proposed amendments to regulations implementing the Historic Property Reinvestment Program. The regulations increase award percentages and caps for specific projects, create new exceptions for prior construction work, eliminate funding gap requirements for some projects, increase the duration of single-phase projects, and modify the definition of qualified property. The adopted regulations took effect Sept. 25. Comments on the proposed amendments are due Jan. 2, 2026. [N.J. Econ. Dev. Auth., Reg. Sections 19:31Y-1.1 et al., 11/03/25 N.J. Reg.]