MORRIS COUNTY — Applications are now being accepted for twelve very low and moderate-income condominiums to be built at 121 Main Street in Succasunna.
Once completed, they will be sold as affordable homes to the selected eligible applicants. Affordable interest rate 30-year mortgages will be provided by Morris Habitat. The sales prices will not exceed $177,590. The homes will have a 30-year deed restriction that allows modest equity upon resale, but mandates that they be sold at an affordable price to other income-eligible families. There is a preference for veteran applicants, but all are encouraged to apply.
There will be two six-unit buildings offering three- and four-bedroom units; and eight two bedroom units. Off street parking and storage facilities will also be provided. The homes will be Energy Star Certified, Air Quality Plus and water efficient. First floor units will be handicap accessible/adaptable.
“Home is the key,” said Morris Habitat for Humanity CEO, Blair Schleicher Bravo. “Our homeownership program does more than put roofs over people’s heads.”
In affordable, healthy, decent, stable homes:
- Families can provide stability for their children.
- A family’s sense of dignity and pride grows.
- Health, physical safety, and security improve.
- Educational and job prospects increase.
Applicants should have a minimum household income of $30,000 and there are additional maximum income limits based on household size. Applicants should have good credit scores with a clean credit history and all people residing in the home must be legal residents of the U.S. Most important to Morris Habitat is the willingness of the applicant to fulfill the Habitat path to homeownership requirements. These requirements include attendance and participation in home buyer education workshops and the willingness to contribute “sweat equity” in the amount of at least 300 hours helping to build their home.
The lottery for eligible applicants is expected to be held in August 2018. For additional Information or to register for information sessions click here.
Morris Habitat for Humanity is part of a global, nonprofit housing organization committed to building homes, communities and hope. Through volunteer labor and donations of money and materials, Morris Habitat builds new homes and provides home repair services to income eligible families. Morris Habitat collaborates with other Habitat affiliates and related housing organizations to improve the affordable housing stock in the region, and over the last four years has more than doubled the number of homes built. Morris Habitat welcomes volunteers and supporters from all backgrounds and serves people in need of decent housing regardless of race or religion. Since 1985, Morris Habitat has served over 400 households through home ownership opportunities, home preservation, and international home building programs. Proceeds from the ReStore, opened in 2007, have helped to fund construction while diverting almost 5,800 tons of useable material from local landfills. The ReStore store is located at 274 South Salem Street, Randolph. For more information click here or call (973) 891-1934.