SOLD: 76 Belmont Avenue

Guest User February 28, 2016

Addresses: 76 Belmont Avenue, Jersey City, NJ 07304

$285,000 Sales Price
$1,100 Owner's Monthly Cost (Not Including Utilities)
Minimum Income To Afford $43,500*
Two-Family Home
4 Bedrooms 1 Bathrooms for Owner
2 Bedroom 1 Bathroom
Backyard & Finished Basement
Located in Bergen Hill Near Saint Peter's College
Completely Renovated
Construction Completion July 2015

* Based on 30 year fixed mortgage, 3.75% Interest, 3.5% deposit.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility Restrictions

Household SizeMax. Income
Person$52,750
People$60,250
People$67,800
People$75,300
People$81,350
People$87,350
People$93,400

How Do I Apply?

Download Application

Interior Finish Concept

Interior Blueprints

(click below to enlarge images)

SOLD: 7 Jewett Avenue

Guest User February 28, 2016

Address: 7 Jewett Avenue, Jersey City, NJ 0730 4

$305,000 Sales Price
$1,100 Owner's Monthly Cost (Not Including Utilities)
Minimum Income To Afford $43,000*
Two-Family Home (3,054 Square Feet)
Homeowner Unit: 3 Bedrooms/2 Bathrooms
Tenant Unit: 3 Bedrooms/1 Bathrooms
Great Location Near Journal Square
Hardwood Floors
Stainless Steel Energy Efficient Appliances
Recreation Room
Garage Parking Driveway
Completely Renovated
Laundry Room
Central Air
Plenty of Storage Space
Intercom System
Outdoor Space/Backyard

* Based on 30 year fixed mortgage, 4% Interest, 3% down payment.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility

Household SizeMax. Income
Person$52,750
People$60,250
People$67,800
People$75,300
People$81,350
People$87,350
People$93,400

How Do I Apply?

Download Application

SOLD: 7.5 Grant Avenue

Guest User February 28, 2016

Address: 7.5 Grant Avenue, Jersey City, NJ 07305

$280,000 Sales Price
$925 Owner's Monthly Cost (Not Including Utilities)
Minimum Income To Afford $37,000*
Three Story Two-Family Home (3,633 Square Feet)
Homeowner Unit: 3 Bedrooms/3 Bathrooms
Tenant Unit: 3 Bedrooms/2 Bathrooms
Hardwood Floors
Stainless Steel Energy Efficient Appliances
Recreation Room
Garage Parking Driveway
Completely Renovated
Laundry Room
Central Air
Plenty of Storage Space
Intercom System
Large Outdoor Space

* Based on 30 year fixed mortgage, 4% Interest, 3% down payment.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility

Household SizeMax. Income
Person$48,200
People$55,050
People$61,950
People$68,800
People$74,350
People$79,850
People$85,350

How Do I Apply?

download application

SOLD: 394 Armstrong Avenue

Guest User February 28, 2016

Address: 394 Armstrong Avenue, Jersey City, NJ 0730 5

$305,000 Sales Price
$1,005 Owner's Monthly Cost (Not Including Utilities)
Minimum Income To Afford $40,213*
Two-Family Home (2,979 Square Feet)
Homeowner Unit: 3 Bedrooms
Tenant Unit: 3 Bedrooms
Hardwood Floors
Stainless Steel Energy Efficient Appliances
Completely Renovated
Laundry Room
Plenty of Storage Space
Outdoor Space
Energy Efficient Hot Water Heaters & Furnaces

* Based on 30 year fixed mortgage, 4% Interest, 3% down payment.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Typical Finishes

Kitchen

typical kitchen rehab in two family homes

Living Room

Bedroom

Living Room

Typical Finishes for 2-family homes

Bathroom

Kitchen 2

Bedroom

Bathroom

Bedroom

Concept

Floor Plans

Eligibility Restrictions

Household SizeMax. Income
Person$48,200
People$55,050
People$61,950
People$68,800
People$74,350
People$79,850
People$79,760

How Do I Apply?

DOWNLOAD APPLICATION

SOLD: 60 Belmont Avenue

Guest User May 5, 2015

Addresses: 60 Belmont Avenue, Jersey City, NJ 07304

$260,000 Sales Price
$1,050 Owner's Monthly Cost (Not Including Utilities)
Minimum Income To Afford $42,000*
Two Family Home
3 Bedrooms / 2 Bathrooms for the Owner
1 Bedroom/ 1 Bathroom for Renter
In Up & Coming Bergen Hill Jersey City.
Near St. Peter's College & McGinley Square
Completely Renovated
Construction Completion May 2015

* Based on 30 year fixed mortgage, 3.75% Interest, 3.5% deposit.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility Restrictions Apply

Household SizeMax. Income
Person$42,950
People$49,050
People$55,200
People$61,300
People$66,250
People$71,150
People$76,050

(click below for full image)

UNDER CONTRACT: 63 Gardner Avenue

Guest User May 1, 2015

Addresses: 63 Gardner Avenue, Jersey City, NJ 07304

$180,000 Sales Price
$1,275 Owner's Monthly Cost (Not Including Utilities)
Minimum Income To Afford $50,000*
Single Family Home
Located in Up & Coming Bergen Hill
3 Bedrooms / 1.5 Bathrooms.
Private Driveway with 3 car parking.
Backyard and Front Porch
Completely Renovated
Construction Completion September 2015

* Based on 30 year fixed mortgage, 3.75% Interest, 3.5% deposit.

Financial dynamics fluctuate depending on lenders terms and buyer deposit.

Eligibility Restrictions Apply

Household SizeMax. Income
Person$42,950
People$49,050
People$55,200
People$61,300
People$66,250
People$71,150
People$76,050

How Do I Apply?

Download Application

Interior Finish Concept

Interior Blueprints

(click below to enlarge images)

Solutions for Foreclosures

Guest User May 9, 2014

Garden State Episcopal CDC is creating housing solutions for municipalities. We are repurposing foreclosures as mixed income housing with half the subsidy of new construction. For just $50,000 of subsidy per unit we can acquire, rehab and complete a sale in just 7.5 months. This is compared to $100,000 in subsidy for new construction and a 2 year timeline. We work fast turning eyesore and liabilities into neighborhood assets, stabilizing property values and building a strong base for new comps. Our average per unit cost is $165,000 compared to $250,000 per unit for new construction. From 2010 to 2013, we rehabbed 13 foreclosures in Jersey City creating 26 units with a $4 million investment. Those homes generated $3 million in mortgage activity and $1.5 million in construction contracts that went to local contractors. Moving forward, we are rehabbing 27 units with $6 million. We are "Building Strong Communities." To find out more about GSECDC please visit: http://gsecdc.org/about-us/

The Halladay Homes Are Officially OPEN!!!

Guest User March 10, 2014

291-297 Halladay Street...

...is Garden State Episcopal Community Development Corporation’s first home ownership project in the Morris Canal Section of Jersey City. It involved the new construction of 4 two family homes for moderate income buyers and renters. This project is made possible through the investment of the Jersey City Division of Community Development with a grant from the HOME Investment Partnership Program in the amount of $1,089,000 and through the acquisition of the vacant lots at nominal cost from the Jersey City Redevelopment Agency. Construction financing is being provided by TD Bank. Each of the homes includes a 3BR/2.5BTH duplex unit for the home owner with a bonus family room and a 3 BR rental. Each of the homes will be sold for $250,000 to first time home buyers. To date, GSECDC has built 240 units of affordable housing by redeveloping 93 scattered sites throughout Jersey City.

A ribbon cutting ceremony was held on at 297 Halladay on Monday March 10, 2014. In attendance was Ward F Councilwoman Diane Coleman, Senator Sandra Cunningham, Executive Director of Morris Canal CDC June Jones, Assistant Executive Director of Jersey City Redevelopment Authority Chris Fiore, Jersey City Mayor's Aide Doug Carlucci, and TD Bank representatives including Pat DiSanto.

Currently, three of the four homes are under contract with a the fourth soon to be under contract this week. All buyers are from Ward F and two are from the Morris Canal neighborhood.

This site is dedicated to:

Benjamin (April 14th 1916- 1983) & Queen Esther Thomas (October 5th 1917- March 10th 2007)

Queen Esther Hogan was married to Benjamin Thomas and together they opened a restaurant on 572/574 Grand Avenue called “Queen & Ben’s” in the 1950’s. It was very rare to see an African American owned business. In addition they were owners of the neighborhood store located on the corner of 125 Maple Street and Halladay Street. Raising 4 sons Benjamin, Bernard, Ballard (deceased) and Bryan Thomas. Three served the United States of America as decorated Air Force officers in Vietnam. The Thomas family regularly fed the hungry and provided assistance when residents required legal information teaching them how to establish credit. In the 1950’s social services weren’t available and the Thomas family offered assistance utilizing 125 Maple Street on the weekends to provide dental care for neighborhood children free of charge. Queen Esther Thomas became politically active in 1954 and was the district committee person. In 1955 she ran in a very close race for a seat in the state assembly becoming the first African American woman to run for this office. Millionaire mogul Malcolm Forbes creator and founder of Forbes Magazine was compelled to send Queen Esther a personal telegram congratulating her on a well fought race.

Queen Esther Thomas was an active member and usherette at Monumental Baptist Church for many years. The marriage union between this loving couple lasted 46 years before Benjamin passed away in 1983. Queen Esther departed Jersey City to spent her golden years in North Carolina and then eventually being laid to rest in Arizona with each one of her surviving sons by her side. Always community first, without fanfare, Benjamin and Queen Esther Thomas are being recognized for the unselfish commitment to the community and the people they sincerely loved in the Lafayette-Greenville community.

GSECDC Executive Director,

Carol Mori

GSECDC Board Member,

Father Tom Murphy

GSECDC Director of Housing & Community Development,

John Restrepo

Ward F Councilwoman,

Diane Coleman

Assistant Executive Director
of Jersey City Redevelopment Agency,

Chris Fiore

Regional Vice President of TD Bank,

Charlie Ponti

Housing Development Pipeline 2014

Matt Ward January 1, 2014

Below is a list of projects still under development or about to start. GSECDC's Division of Housing and Community Development is hard at work making these projects a reality. With a pipeline of $13,068,000, GSECDC will create 64 units on 31 sites serving 210 people. All of these projects are expected to be complete by the end of 2015. Garden State Episcopal CDC is building strong communities.

Project	Description	Completion Date	Unit Count	Development Cost	Number of Sites	People Served
Neighborhood Recovery Program Phase 2	Home ownership, acquisition, rehab and resale of foreclosed two family homes	Jun. 2015	10	$1,355,000.00	5	35
Bergen Hill Scatttered Site Strategy	Home ownership, acquisition, rehab of single and vacant two family homes	Jun. 2015	4	$1,081,000.00	4	18
Weber Friar Homes	Home ownership, new construction on vacant lots	Dec. 2015	18	$3,575,000.00	9	63
Neighborhood Recovery Program Phase 3	Home ownership, acquisition, rehab and resale of foreclosed two family homes	Sep. 2015	10	$1,765,000.00	7	35
Hobart Project	Special Needs rentals, new construction	May. 2015	11	$3,032,000.00	1	20
Ocean Avenue	Low and Moderate income rentals, new cosntruction	Dec. 2015	5	$1,305,000.00	2	18
NRP Rental	Rental, acquisition, rehab of foreclosed two family homes	Dec. 2015	6	$955,000.00	3	21
Subtotal Predevelopment			64	$13,068,000.00	31	210

Bergen Court Apartments are NOW CLOSED!!!

Matt Ward July 30, 2013

Garden State Episcopal Community Development Corporation (GSECDC) is proud to have held a ribbon cutting event for the Bergen Court Apartments. After the building sat vacant for 10 years, GSECDC successfully partnered with HMFA, Jersey City, Hudson County and New Jersey Community Capital to substantially rehabilitate this facility. The project located at 242 Bergen Ave, Jersey City includes 12 affordable housing units, eight two-bedroom units with rents below 60% of the area median income and four one-bedroom units that are set aside for chronically homeless individuals with disabilities.

Read more about the project on the Together North Jersey website.