Bond Financing

Redevelopment Area Bond Financing Redevelopment funding can be obtained through the issuance of municipal bonds under the Redevelopment Area Bond Financing Law.

The New Jersey Economic Development Authority (NJEDA) issues long-term, low-cost bonds through its Redevelopment Area Bond Financing Program to redevelopers on behalf of municipalities seeking to finance land acquisition, demolition and brownfield remediation for redevelopment projects located within formally designated Redevelopment Areas and part of an approved Redevelopment Plan. The bonds are backed by Payments in Lieu of Taxes (PILOT) negotiated between the redeveloper and municipality and pledged by the municipality as security for the bonds.