Affordable Housing Coming to Byram Townshp

Applications are now being accepted from low income applicants for a three-bedroom home to be renovated at 14 Belton Street, in Byram Township, New Jersey. Once completed, the home will be sold as affordable housing to the selected applicant. An affordable 30-year mortgage will be provided by Morris Habitat for Humanity. The sale price is $130,000 with an estimated monthly mortgage of $800. The house will have a 30-year deed restriction that allows modest equity upon resale, but mandates that it be sold at an affordable price to another income-eligible family.

The home will be rebuilt from the studs, with a new roof, siding and septic system. The home will be built to Energy Star requirements and will have propane gas and public water. The main level features two bedrooms, one bathroom, eat-in kitchen and living room. The lower level has one bedroom, recreation room, laundry room and a garage.

“Home is the key,” said Morris Habitat for Humanity CEO, Blair Schleicher Bravo. “Our homeownership program does more than put roofs over people’s heads.”

In affordable, healthy, decent, stable homes:

• Families can provide stability for their children.
• A family’s sense of dignity and pride grows.
• Health, physical safety, and security improve.
• Educational and job prospects increase.

Applicants should have a minimum household income of $32,000 and maximum income limits based on household size will apply: $40,884 for a three-person household; $45,426 for a four-person household; $49,060 for a five-person household; and $52,695 for a six-person household.

Applicants should have good credit scores with a clean credit history and all people residing in the home must be legal residents of the U.S. Most important to Morris Habitat is the willingness of the applicant to fulfill the organization’s path to homeownership requirements. These requirements include attendance and participation in home buyer education workshops and the willingness to contribute “sweat equity” in the amount of at least 300 hours helping to build their home. All details will be discussed at the mandatory information meetings which will be held on the following dates:

Saturday, February 9, 2019 at 10:30 a.m.

Byram Township Hall – 10 Mansfield Dr., Stanhope NJ

Tuesday, February 12, 2019 at 6:30 p.m.

Roxbury Public Library - 103 Main St., Succasunna NJ

The deadline for application submission is March 4, 2019. The tentative lottery date for eligible applicants will be in April 2019. For more Information or to register for information sessions, visit: www.morrishabitat.org/homeownership/apply-for-home-ownership. Sessions start on time, and no one will be admitted late.

About Morris Habitat for Humanity

Morris Habitat for Humanity is part of a global, nonprofit housing organization committed to building homes, communities and hope. Through volunteer labor and donations of money and materials, Morris Habitat builds new homes and provides home repair services to income eligible families. Morris Habitat collaborates with other Habitat affiliates and related housing organizations to improve the affordable housing stock in the region, and over the last four years has more than doubled the number of homes built. Morris Habitat welcomes volunteers and supporters from all backgrounds and serves people in need of decent housing regardless of race or religion. Since 1985, Morris Habitat has served over 400 households through home ownership opportunities, home preservation, and international home building programs. Proceeds from the ReStore, opened in 2007, have helped to fund construction while diverting almost 5,800 tons of useable material from local landfills. The ReStore store is located at 274 South Salem Street, Randolph. For more information, visit www.morrishabitat.org or call 973-891-1934.

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