Phone: 732-389-2958

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AFFORDABLE HOUSING FOR SALE IN RED BANK, NJ $173,187

AFFORDABLE HOUSING FOR SALE IN RED BANK, NJ

Sale Prices:

2 Bedroom Low Income Unit - $87,658 (1st floor unit)

3 Bedroom Moderate Income Unit - $173,187 (2nd floor unit)

 

Maximum Income Requirements

            2 Person $59,273   3 Person $66,682

4 Person $74,091   5 Person $80,019   6 Person $85,946

 

Interested applicants household may not exceed a maximum of 6 persons (family size and composition must accommodate unit size), not exceed maximum income requirements and can afford the total monthly housing cost which includes principle, interests, taxes and insurance (PITI) and monthly maintenance fees paid to the Homeowners Association. The household’s total monthly housing cost cannot exceed 33% of the households’ gross monthly income. Applicants will be required to submit a preliminary application for consideration to AHA for placement in the lottery. Only pre-qualified households will be notified and placed in the random lottery selection to determine applicant order of referral for unit certification and placement. All interested applicants must complete a Homebuyer Education Workshop and be pre-approved for a mortgage loan prior to the lottery selection process.

All applications must be submitted to AHA 3535 Route 66 Parkway 100 Complex, Building 4 Neptune, NJ no later than August 15, 2016, no exceptions or consideration will be given to applications received after the deadline date.

 

To Apply:

Preliminary applications are available at AHA 3535 Route 66 Parkway 100 Complex, Building 4 Neptune, NJ, (732) 389-2958

Borough of Red Bank 90 Monmouth Street Red Bank,, NJ (732) 842-2400;

Monmouth County Library 125 Symmes Dr. Manalapan, NJ;

Ocean County Library 101 Washington St. Toms River, NJ;

Mercer County Library 2751 Brunswick Pike Lawrenceville, NJ;

Additional Features
  • Affordable Condo For Sale


Property Contact: 7323892958

Restrictions
  • Income Restriction: Yes
Other Information
  • Close to Public Transportation: Yes