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.
- Informational Sessions will also be held during the First Time Homebuyers Workshops on July 27 and Aug 17. Visit ulec.org/housing to register.
- Intake packet completed and received by ULEC Housing Counseling by Friday, August 30, 2024.
- Attend a HUD-Approved, 8-Hour, Credited Homebuyer’s Education Workshop
- ULEC offers HUD-Approved First Time Homebuyers Workshops! However, we accept all HUD-approved homebuyer education course certifications.
- 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 Monday, September 16, 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
Coming Soon…
Submit HOMEOWNERSHIP form
Submit rental APPLICATION
