It hardly seems like a year ago that the nightmare of Sandy came ashore and changed our lives forever. Yet it is behind for many of us and is beginning slowly to become a memory.
The members of the Real Estate community personally and professionally suffered as a result of this storm and so we are bonded to those homeowners who were devastated in a new way. As Realtors we want to continue help and make ourselves available as a source of information for property owners who are still seeking solutions.
The NJ Department of Community Affairs has launched “Renew Jersey Stronger”. It is a series of programs aimed to give financial assistance to residents whose homes were damaged by Sandy.
Find out what's happening in Howellfor free with the latest updates from Patch.
Here is a brief description of several programs, you can visit http://www.renewjerseystronger.org/ for full requirements and to apply.
Hazard Mitigation Grant Program (HMGP)- Elevation program which reimburses homeowners who are raising primary, single-family residences to meet the new requirements of Flood Insurance maps. Grants of up to $30,000. to elevate an existing home, no income requirements.
Find out what's happening in Howellfor free with the latest updates from Patch.
HomeBuyer Assistance Program- A forgivable $50,000. Interest-free loan, this program offers a state-funded second mortgage of up to $50,000. No monthly payment, and is forgivable after five years in the home. Buyers must obtain a primary mortgage first for the rest of the purchase. There are income and, credit score requirements and it must be an owner occupied primary residence.
Landlord Rental Repair Program- Will offer financial assistance to restore rental properties damaged in the storm, up to $50,000. The landlord must rent the repaired units to low or moderate income families at approved affordable rents to qualify for funding.
Landlord Incentive program- Will provide property owners who offer affordable rentals the difference between 30% of a tenant’s monthly income and the federal fair market rents each month for a two-year period.
Excerpts from NJ Realtor magazine, October 2013, *4th of July, Asbury Park, Springsteen
Pat Linde-Neidermeyer, Veltri Realtors
Email: PatatVeltri@Gmail.com
Call: 732-598-8348
www.VeltriRealtors.com
Now Here are this Week’s Closed Sales for your area.
FREEHOLD
21 Yorke Dr, $307,000; 20 Eaglenest Rd, $376,000
HOWELL
10 Willow Ave, $93,000; 12 5th St, $133,000
11 Cherry Ln, $250,000; 15 Eric Dr, $289,000
26 Cherry Bend Dr, $302,500
JACKSON
800 Farmingdale Rd, $286,000; 154 Ross Ln, $373,000
373 Sapphire Dr, $423,000; 11 Topaz Dr, $471,500
7 Conor Rd, $535,000; 10 Bear Trail, $618,000
All closed sale prices listed are as submitted and recorded by the Monmouth Multiple Listing Service. Not responsible for typographical errors.
