What is the role of the New Jersey Housing Mortgage Finance Agency?

The New Jersey Housing Mortgage Finance Agency (NJHMFA) primarily focuses on increasing homeownership opportunities for low- and moderate-income individuals and families. By providing financing options, such as affordable mortgage programs and down payment assistance, the agency aims to make homeownership more accessible to those demographics. This is essential in addressing housing needs and promoting economic diversity within communities.

While other options might touch on related aspects of the housing finance landscape, the agency’s core mission centers on assisting those who may otherwise struggle to afford a home due to financial constraints. This targeted focus on supporting low- and moderate-income homebuyers distinguishes it from other potential activities mentioned in the other answer choices.