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Form 668-W(c)(DO) Elizabeth New Jersey: What You Should Know

We're proud to provide you with a quality building experience through a  rigorous and safe construction process that helps to ensure safe and affordable buildings for you and your business. We are  commissioned builders, and our expertise is fully transferable to your organization! To ensure the safety and security  of your building, we offer a comprehensive range of professional services from  contractors to construction managers. A. The cost of the work to build your new home may be covered by a state or local government in the  purchase of a construction license and/or by a loan. The cost of the contract to build the house or trailer may be  provided by a private contractor or your building company. However, if the project is undertaken on an  independent basis, a contract may be provided by an external contractor and may be financed by any method including  self-financing and/or loan. B. A private contract for the construction of a home or for an off-site trailer may be constructed in  addition to a state and local governmental contract and, if the subcontractor is a private company, the cost and terms of the  contract may be negotiated with the subcontractor before the contractor submits a bid. C. A State or local governmental construction project  occurring without a valid contract can be funded if the local government determines the project is in  the public interest and the construction is financed by: a) issuing tax financing bonds, or b) an agency of or agency  created by the state; or c) other means approved under the applicable local governing charter. D. The cost of a local government construction project  occurring after September 1st, 2024 can be funded by a local government for: a) issuing tax financing bonds, or b) an agency of or agency created by the State, or c) other means approved to meet the  requirements of any such charter. E. A construction bond or lease may be purchased by, or on behalf of, a private entity  for the payment of the costs of a construction project as permitted by the Bond Authorization Act, Chapter 11 of the Commonwealth of Pennsylvania provides incentives of 300,000 for any new residential project designed to serve the  highest needs of the local community. See Local Economic Development Assistance Program, Chapter 1,  Paragraph 2. A.

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