Golden Neighborhoods Homeownership Program (GNHP) | Jersey City Department of Housing, Economic Development and Commerce
Resource Name:Golden Neighborhoods Homeownership Program (GNHP) | Jersey City Department of Housing, Economic Development and Commerce
address
4 Jackson Sq, Jersey City, NJ 07306
Eligibility
Open to anyone with applicants must meet ALL of the following criteria:
- Purchasing their first home, and has not owned a home in the last 3 years
- Minimum credit score of 640
- No bankruptcies or repossessions
- Minimum savings of $1500
- Must attend Golden Neighborhoods Homeownership pre-purchase training
- Must not enter into a contract of sale prior to receiving an eligibility certificate from the City of Jersey City
- Housing must be a 1-4 family home or condominium, with compliance to Lead Based Paint Standards and local Housing Standards
- Homeowner must remain in home for at least 10 years
- HUD foreclosures, short sales, REO's and Handyman specials are not allowed
- Preference will be given to individuals and families who live in Jersey City
Required documents
Completed application/registration forms, financial statements, income tax return, proof of assets, proof of children's ages, proof of income eligibility, proof of school acceptance or attendance, rent receipts
Hours
Mon - Fri 9:30 am - 4:30 pm
201-547-6910
Voice
·Main Phone
Application process
Call or visit the website for information
Fees
None. Down payment assistance can be for up to 10% of the purchase price of the home, with a maximum subsidy of $40,000.
Service area
Jersey City, NJ
Provides down payment and closing costs assistance for eligible low/moderate income families who want to purchase their first home. Also offers prospective homebuyers with the skills and knowledge necessary to purchase and maintain their own property.