Real Estate

HOMES
FOR SALE
and RENT

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. 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

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	$1,286
(4) 3BR-Moderate-Income	$1,824

HOW TO BECOME A ULEC HOMEOWNER?

PLEASE READ THIS DISCLAIMER FIRST

If you are unable to complete the prepurchase requirements by the deadline, you may still apply. However, your application is not guaranteed to be reviewed and will not be part of the lottery pool if you have not attended a mandatory informational session. If we provide additional informational sessions after the application deadline, you will be instructed on the unique nature of our affordable housing program and will be able to complete all pre-purchase requirements.

We will continue to accept applications until all units are sold and rented.

Attend a Mandatory Informational Session (Zoom)

Attend a Mandatory Informational Session.
- Register for July 18, Aug 1, or Aug 15 from 3-4pm EST
- 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 (by Invitation Only)
- Register HERE for the Financial Literacy Workshop
Qualified applicants will be entered into a random selection on Monday, September 16, 2024.