Affordable Housing Projects - Under Development
Neighborhood Stabilization Program- JCECDC recently received a $922,000 award from the Jersey City Neighborhood Stabilization Program to acquire, rehab and resale 10-15 two family homes for moderate and middle income first time home buyers. JCECDC has identified 192 bank owned properties in Jersey City. Of this, 87 of them or 45% are in the City’s NSP boundaries, and highly concentrated in Ward F or the Greenville/Bergen Hill neighborhood. Most of these properties are 1 and 2 family homes. As of April 2009, Realty Trac has listed 1,449 properties that are in pre-foreclosure. JCECDC efforts under this strategy will help curb some of the effects of foreclosure. JCECDC also plans to offer foreclosure prevention counseling. Click here to the map of bank owned properties
Van Brunt Homes- JCECDC placed shovels in the ground on the Van Brunt Homeownership Iniative. Each home features a three-bedroom unit for buyers, and include a three-bedroom apartment to be rented to low and moderate income tenets. This project is located Greenville section of the city on Oak Street and Van Nostrand Ave. In the future, these formerly lots will house five new home-owners. The homes average 3800 square feet, stick-built new construction on grade, with garage parking, central air/heating, spacious kitchen, dining room, living room, and 2.5 baths with a private baths.
Bergen Court Apartments- This property has remained an undeveloped eyesore for many years on a major thoroughfare in the Greenville Neighborhood. This property is a 15,000 square foot building that sits directly across the street from both a middle school and a high school and represents a great risk for the residents of this neighborhood in its current condition. We are proposing to substantially rehabilitate and convert of this vacant building into 13 units of affordable housing units. There is a significant need for housing for people with families and our plan to develop approximately 9 two-bedroom units and 4 one-bedroom units would create those opportunities. The unit sizes for the one bedrooms will average 650 square feet and the 2 bedroom units will average 900 square feet. The rehabilitated property will incorporate Energy Star standards in an effort to manage the building efficiently and will incorporate 4 handicap accessible units all located on the 1st floor |
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