Dwight Street Homes

Homeownership Opportunity Program

Dwight Street Homes represents the JCHA's first effort at providing affordable homeownership to first-time homebuyers. As New Jersey's first public housing homeownership program approved by HUD, Dwight Street Homes promotes homeownership - the ultimate in resident self-sufficiency, while serving as a catalyst for neighborhood redevelopment and stability.

Dwight Street Homes is an award-winning (1996 NAHRO Design Merit Award and 1998 HUD Secretary's Award for Excellence) public housing development with homeownership opportunity. Located on scattered, formerly blighted and vacant lots on Dwight Street, Fulton Avenue and Stegman Street, Dwight Street Homes stabilizes a mixed-income community with attractive three- and four-bedroom townhouses for renters and homeowners of various incomes.

Phase I Development

	Construction completed April 1995
	50 two-family, two-story frame, three- and four-bedroom homes, modular construction (8 handicapped accessible)
	Purchase price: $180,000 (determined by appraisal prior to sale) with 10 year deed restrictions
	Affordability: JCHA 2nd silent mortgage, NJHMFA 100% financing mortgages
	Eligible purchasers: 3-5 person household, in residence minimum six months, income of 65-80% of median, good credit, completion of training program and agreement to rent second unit to Section 8 eligible household
	23 homes sold, two homes in contract, 20 families in homeownership training program