Thank you for placing your name on our interested parties list.
At this time, you may want to register for a homebuyer education workshop to help you prepare for your purchase! Once you complete the workshop, you will work with a homeownership specialist who will help you work on your savings, credit and ensure you can secure a mortgage. Here is the link to register for the workshop. https://www.housingpartnershipnj.org/homebuyer-workshops/
1. Once your name is on this list you will receive emails on homes as they become available based on your income and household size.
2. If you are interested in this home, you would contact the Housing Partnership to let us know of your interest.
3. You will then receive an email with instructions on viewing the home.
4. After viewing the home, if you would like to enter the lottery for the home you would submit a preliminary application which would be distributed at the viewing of the home. (Preliminary applications must include a pre-approval from an approved bank to be included in the lottery).
5. After the lottery you will receive an email with the lottery results along with a full application which must be completed and returned to the Housing Partnership within 7 days.
6. The Housing Partnership will process these applications based on the results of the lottery and the first household we are able to certify will be allowed to sign a contract with the homeowner. We recommend that you complete this application even if you do not come in first as we are not always able to certify the person who is first and we will move on to the next application we received (based on lottery results).
1. Affordable Housing requires a 5% down payment. You will also need closing costs.
2. You must complete home buyer education by either attending one of our classes in our offices or by completing our on-line class. More information can be found on our website.
3. Affordable Housing can only be sold to a person or family who are has been certified as eligible by the Administrative Agent for the municipality (i.e. Housing Partnership)
4. The price an affordable home can be sold for is limited by law and may be much less than the sales prices of similar homes that are not part of the Affordable Housing Program.
5. Home Equity Loans, Second Mortgages, or any other loan secured by the home, must first be approved by the Administrative Agent.
6. Affordable Homes must be the primary residence of the homeowner and cannot be rented to other persons, including family members.
7. Major improvements to the home must be approved in writing by the Administrative Agent and may not be reimbursed at time of resale.
8. Failure to maintain payments on association fees, taxes and sewer/water fees can result in foreclosure action.
9. Homeowner’s insurance must be maintained for the interior of the home at all times.
10. Violation of these rules will be subject to penalties provided by law, including fines and possible loss of ownership of the home.
