8/29/2023 0 Comments Harmony house newark nj![]() ![]() There will also be fifteen emerging market units priced between $151,995 and $225,000. ![]() Nine affordable deed-restricted units will be priced between $73,000 and $175,000, and will be available to households with incomes at or below 60 percent to 80 percent of the area median income. It will also include such energy-efficient features as hardwood floors certified by the Forest Stewardship Council, energy rated appliances, water conserving bathroom fixtures, and Energy Star-rated windows and lighting fixtures. The project will include amenities such as a roof garden, fitness center and a club house. All 24 condominiums will be homeownership units, which will range from one bedroom/one bathroom to three bedroom/two bathroom. "This project will help meet the demand for newly constructed housing in Newark and help revitalize one of the city's redevelopment Square will include a new five-story building featuring 20 condominiums and two smaller buildings containing two condominiums apiece. ![]() "The HMFA is dedicated to increasing the availability of and accessibility to safe, decent and affordable housing to families in New Jersey and this project does just that," said HMFA Executive Director Della Vecchia. The HMFA, an affiliate of the Department of Community Affairs, is providing approximately $3.1 million under its mortgage and Choices in Home Ownership Incentives Created for Everyone (CHOICE) programs. NEWARK - New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia joined local officials and community leaders to break ground on Square, a 24-unit affordable housing community located at 105 Broad Street in Newark. HMFA Breaks Ground on 24-unit Affordable Condominium Community in Square to Meet Demand for Affordable Homeownership Units ![]()
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