Valentine’s Day Home Sale
In 2015, the City of Newark’s Department of Economic and Housing Development (EDH) organized a special “Love Lot Sale” at Newark City Hall in celebration of Valentine’s Day. Now in Phase II, We are pleased to announce that Newark CEDC is working with the CIty to build beautiful brand new two-family homes. The program is now part of a larger neighborhood revitalization strategy whereby the homes are clustered with existing development projects as well as other homes to be constructed. Check out our fact sheet for home sales here.
- Five Year Tax Abatement
- $5,000 in closing cost and/or down payment assistance
- Mortgage Incentives
- One private parking space
- High quality interior finishes
- Brick Facade finish
- Duplex owners units
- Wood floors
- Three bedroom owners and rental apartment
- 2 BATHS
- Rear Backyard
- Central heating and cooling
- Modern Design Standards
Home buyers are subject to mortgage pre-approval of the purchase price amount
Disclaimer: The conceptual models displayed here are subject to change. Each buyer will be provided with the final drawings prior to submitting an offer on the property.
To learn more, contact Franklyn Ore at 973.273.1040
522 Clinton Avenue
A project to rehab a 7,530+ square foot, three floor building in the City’s South Ward, will bring a 20 bed facility for women veterans.
42-48 Burnet Street
This project located amongst Rutgers and NJIT student housing in the James Street Commons Historic District will deliver 28 market rate units (14 studio, 15 one bedroom) to create more amenable housing for students and residents.
449 Washington St
The Washington St Apartments is an eight unit rehabilitation project of a four story vacant structure. The project, located in the South Broad neighborhood, a few blocks away from downtown, will be rented affordable with amenities such as hardwood flooring, ceramic tiled bath and modern kitchens.