Low-Income Families House Buying Opportunities in Newark

The City of Newark, Newark Housing Authority, and Invest Newark launched a program to provide eligible Section 8 recipients with the chance of owning a house. The properties will be sold to qualified people through a lottery process. Each is $190,000 with a 20-year loan with a 4% interest rate.

CITY OF NEWARK, INVEST NEWARK AND NEWARK HOUSING AUTHORITY ANNOUNCE PARTNERSHIP TO ACHIEVE HOME OWNERSHIP FOR LOW-INCOME FAMILIES In a prototype of Mayor Baraka’s Land Bank initiative, Section 8 eligible individuals can apply to use vouchers to purchase their first home Newark, NJ – July 17, 2020 – The City of Newark, Newark Housing Authority, and Invest[…]

Source: CITY OF NEWARK, INVEST NEWARK AND NEWARK HOUSING AUTHORITY ANNOUNCE PARTNERSHIP TO ACHIEVE HOME OWNERSHIP FOR LOW-INCOME FAMILIES – Insider NJ

Leave a Reply

Your email address will not be published. Required fields are marked *