Real Estate
HOMES FOR SALE and RENT
ULEC 2024 Fairmount Heights Homeowners Opportunity
ABOUT US
The Urban League of Essex County’s (ULEC) Opportunity Corporation has built eight newly constructed two-family homes on Fairmount Ave and Camden Street in the Fairmount Height section of Newark, NJ. These homes are built for lasting affordability and as a wealth-building asset for income-eligible families. This opportunity is eligible for families of at least three people to a maximum of six.
Eligible homebuyers must be willing to participate in ULEC homeownership and financial support programming activities.
THANK YOU FOR YOUR INTEREST!
Specifications
- 2-family Energy Star-certified New Construction Homes
- Owner Unit: 3 beds, 2.5 baths
- Second Unit for Rent: 3 beds, 2 baths
- Durable finishes: Metal roofs, Fiber Cement Siding
- Hardwood Floors, Ceramic Tile Baths, and Carpeting
- HVAC
- Tandem Garage Parking for Owner
- Private Yard for Owner
- New Energy-Efficient Appliances for Owner and Tenant: Refrigerator, Dishwasher, Stove, and Exhaust System
- Fire Suppression / Sprinkler System
Home Prices
| 147 Camden Street, Newark, NJ 07103 | $175,000 | Moderate |
| 172-174 Fairmount Avenue, Newark, NJ 07103 | $190,000 | Moderate |
| 176 Fairmount Ave, Newark, NJ 07103 | $155,000 | Moderate |
| 178 Fairmount Ave, Newark, NJ 07103 | $142,500 | Low |
| 187 Fairmount Ave, Newark, NJ 07103 | $142,500 | Low |
| 195 Fairmount Ave, Newark, NJ 07103 | $142,500 | Low |
| 208 Fairmount Ave, Newark, NJ 07103 | $155,000 | Moderate |
| 210 Fairmount Ave, Newark, NJ 07103 | $142,500 | Low |
Income Restriction
| # Persons in Household | 3 | 4 | 5 | 6 |
|---|---|---|---|---|
| Moderate-Income Maximum | $97,440 | $108,240 | $116,960 | $125,600 |
| Low-Income Max / Moderate-Income Min | $60,900 | $64,650 | $73,100 | $78,500 |
| Low-Income Minimum | $36,540 | $40,590 | $43,860 | $47,100 |
Rent Prices
| RENT PRICES | ||||
|---|---|---|---|---|
| (4) 3BR Low-Income | $1,286 | |||
| (4) 3BR-Moderate-Income | $1,824 | |||
How to become a ULEC Homeowner?
Submit HOMEOWNERSHIP form
Submit rental APPLICATION
