Affordable Homes

Want to Buy a House but Don’t Think You Can Afford To? We Can Help

It can be expensive to live and work in New Jersey. The average cost of owning or renting a home here is higher than in almost any other state in the country. If housing costs are eating up a bigger and bigger chunk of your household income, then the Affordable Homes program may be right for you.

The Affordable Homes program allows eligible candidates to apply for the opportunity to purchase deed-restricted homes – typically 600 to 1,200 square foot condos or townhomes. Housing Partnership administers Affordable Homes in:

  • Hanover Township
  • Mountain Lakes
  • Morris Township
  • Roxbury
  • Randolph
  • Kinnelon (Age Restricted 55+)
  • Mendham Township
  • Madison
  • Sparta
  • Washington Township

The program is not limited to first time homebuyers; it also helps:

  • Families with low and modest incomes
  • Those who have previously owned homes
  • Seniors who are downsizing from larger homes
  • Young adults coming out of college


Income Limits do apply based household size:


1 $43,340 $69,344
2 $49,532 $79,251
3 $55,723 $89,157
4 $61,914 $99,063
5 $66,868 $106,988
6 $71,821 $114,913

*Income limits may vary by municipality.


1 $42,144 $67,431
2 $48,165 $77,064
3 $54,185 $86,697
4 $60,206 $96,329
5 $65,022 $104,036
6 $69,839 $111,742

*Income limits may vary by municipality.

How the Affordable Homes Program Works

If you are interested in participating in the Affordable Homes Program:

  1. Ensure you are within the max income limits of the program
  2. Complete and submit the Interested Parties Application*
  3. Receive notification of available homes for sale
  4. Take a Homebuyer Education course
  5. Take advantage of our FREE Counseling & Coaching Services to be prepared for the next steps towards homeownership.

* If you are disabled and need reasonable accommodations, please contact the Housing Partnership Offices at 973-659-9222, ext. 302



Preliminary applications are now being accepted for low to moderate-income rental apartments in
Mendham  Borough, NJ.
Washington Township, NJ


Affordable Home Program FAQs

What is an Interested Parties List?

An Interested Parties List is a list of names of households wishing to purchase affordable housing in the municipalities administered by the Housing Partnership. Everyone on the list is notified of available units and given the opportunity to enter a lottery for the home should they desire.

How do I get on the Housing Partnership's Interested Party List?

Complete the Interested Party Application. For other affordable housing, not administered by the Housing Partnership, visit or contact the municipality directly for instructions.

How long does it take on the Interested Parties List?

There is no way of determining how long you will wait for a home. Since most are re-sales, there is no way of knowing when someone will decide to sell their home, nor can we determine where you will place in the lottery for the home.

Do I need a down payment and good credit?

Yes. Every affordable homes requires that you have 5% of the purchase price as a down payment, closing costs and have funds available for closing costs.

How big are the homes?

Homes are generally anywhere from 600 square feet up to 1,200 square feet depending on the number of bedrooms. Typically, these homes do NOT have garages and most are condos and/or townhouses.

Can I buy a two bedroom if I am single?

Yes, you can get one additional bedroom than your household needs however priority will always be given to a household who requires two bedrooms.

Things to know before purchasing an income restricted home

  1. Incomes are determined by projecting your gross income for next twelve months.
  2. All incomes are used in determining your eligibility even if you do not claim them on tax returns. This includes Child Support and Alimony.
  3. Asset limits apply.
  4. Must be used as your primary residence
  5. Sales price of all affordable homes (whether purchasing or selling) are determined by the NJ Dept. of Community Affairs (DCA).
  6. Home improvements (i.e. kitchen remodel) are not used in determining resale value.
  7. Units cannot be rented out without permission from the Administrator and Municipality and only if temporary for extraordinary circumstances.