Are there any housing grants in Newark for someone seeking to purchase?

Asked by Buying this Year!, Bloomfield, NJ Tue Jul 30, 2013

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, ,
Sat Sep 14, 2013
Give me a call for more details 973-698-4083

City of Newark American Dream Downpayment Initiative Program

This program dollars will fund upfron costs of a participant acquiring a principal residence, but not the entire cost of acquisition. ADDI dollars can also fund the reasonable and necessary costs incurred by the homebuyer, locality or lender associated with the purchase. The amount of the ADDI assistance will not exceed $10,000 or six percent of the purchase price of the home, whihcever is greater.

Eligibility

Families with income below 80% of the median income for Essex County

Must be a First Time Homebuyer

Home must be located in th City of Newark

NO CASH BACK IS ALLOWED INCLUDING EARNEST MONEY!
0 votes
Barrington P…, Agent, EAST ORANGE, NJ
Tue Jul 30, 2013
THERE GRANTS AVAILABLE IN NEWARK, ALSO WELLS FARGO AND CHASE BANK ARE OFFERING MONEY TO BUYER'S IN NEWARK.
1 vote
Damon Redmond, Agent, Paterson, NJ
Tue Jul 30, 2013
Yes, the city of Newark has several grants available for buyers. For more information send me an email to damon@damonhelps.com
0 votes
Hi Damon!
Please forward information about grants for purchasing a home in Newark. I am a first time homebuyer and a senior citizen. Email to jt.greenwood@yahoo.com. Thanks,

Chris
Flag Thu Mar 10, 2016
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