affordable housing

Affordable housing down-payment loan is now a grant
Affordable housing down-payment loan is now a grant
By Tina Pappas for Montclair Local Future home buyers who now purchase affordable housing units administered through the township will not have to pay back a loan offered to help with down payments. The loan, now a grant, allows a purchaser who lacked sufficient funds for a down payment to borrow up to two percent, a maximum of $2,500, toward costs related to a first-time purchase of an affordable
Affordable housing: Council aims to bring Montclair in line with state law
Affordable housing: Council aims to bring Montclair in line with state law
by TINA PAPPAS for Montclair Local The council passed two ordinances regulating affordable housing with the goal of keeping the quota of 20 percent within any new Montclair development, creating flexibility of where affordable housing would be constructed and invoking a local preference for those who live or work in Montclair...
New laws will continue to grow Montclair’s affordable housing stock
New laws will continue to grow Montclair’s affordable housing stock
By Jaimie Julia Winters winters@montclairlocal.news The Township Council last week introduced amendments to Montclair’s zoning and land-use law with an emphasis on creating affordable housing within any major development. The amendments take out much of the wording relating to the defunct Coalition on Affordable Housing (COAH), but reemphasizes Montclair’s commitment to creating 20 percent afforda

Load More Articles