Real Estate

HOMES
FOR SALE

ULEC 2024 FAIRMOUNT HEIGHTS HOMEOWNERSHIP 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. They are suitable for families of at least 3 people to a maximum of 6.
Eligible homebuyers must be willing to participate in ULEC homeownership and financial support programming activities. 

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 $93,180 $103,533 $111,816 $120,098
Low-Income Max / Moderate-Income Min $58,237 $64,708 $69,885 $75,061
Low-Income Minimum $31,061 $38,826 $41,932 $45,038
RENT PRICES
(4) 3BR Low-Income Not Available Yet
(4) 3BR-Moderate-Income Not Available Yet

HOW TO BECOME A ULEC HOMEOWNER?

  • Attend a Mandatory Informational Session. 
  • Intake packet completed and received by ULEC Housing Counseling by Monday, July 15, 2024
  • Attend a HUD-Approved, 8-Hour, Credited Homebuyer’s Education Workshop
  • Attend the ULEC Financial Literacy Workshop, Enroll in the Financial Opportunity Center, and meet with a ULEC Financial Coach
    • The workshop is held every 2nd and 4th Thursday
      9-11am EST
      Meeting ID: 851 7751 8265
      Passcode: 968951
  • Qualified applicants will be entered into a random selection on July 31, 2024.

ULEC offers HUD-Approved First Time Homebuyers Workshops!  Visit our Housing Counseling page for more information.

However, we accept all HUD-approved homebuyer education course certifications.

Workshop is Every 2nd and 4th Thursday 9-11am EST

Meeting ID: 851 7751 8265

Passcode: 968951

Zoom Link

Submit HOMEOWNERSHIP form

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