Eligible Borrowers for the Program are limited to counties and municipalities as well as agencies, instrumentalities, authorities, or corporations of any County or municipality. Applicants must demonstrate an ability to satisfy both the loan repayment obligations and creditworthiness standards as set forth in the I-Bank’s credit policy ("Credit Policy") in effect at the time of loan closing.
NJ CHAMP Loans are available for hazard mitigation and resilience Projects identified on a State or local HMP.
NJ CHAMP financing is limited to NJ CHAMP eligible Project costs incurred, including construction, engineering, legal counsel, financial advisor, permitting, project management and other costs as allowed pursuant to the STORM Act. NJ CHAMP financing excludes any costs for which other grants have been received.
3131 Princeton Pike, Building 4 Suite 216
Lawrenceville NJ, 08648 T. 609 219 8600