News Details

Ground Breaking Scheduled for Five New HOMES in Woodbury Partnerships between governments and The Bank allow families to own their own HOME while revitalizing a neighborhood

What:

Gloucester County's Economic Development CDBG/HOME Division has been working in partnership with the City of Woodbury, the Paulsboro Community Housing Corporation, and The Bank to build 5 two-story homes in the City of Woodbury's designated redevelopment neighborhood.

The first two eligible families who applied for the HOME program have received their mortgage commitment, and are attending Housing Counseling Classes and qualify through the GC HOME Program regulations for funding. Qualification criteria are set by HUD's annual Household income limits. There is now a waiting list for families to qualify for the next three homes. Theses eligible homebuyers will receive up to $10,000 in down payment and closing costs from Gloucester County's HOME Program. This is not a grant but a no-interest loan.

A ground breaking is scheduled for construction of the first two homes under the program.

When: Wednesday, October 26, 2005 at 11:00am
Where:

41-37 Hopkins Street, Woodbury, NJ

Who:

Freeholder Joseph A. Brigandi, Jr., liaison to Economic Development
Mayor Clark, City of Woodbury
Joseph Rehm, Vice President, The Bank
Rev. Frazier, Exec. Director, Paulsboro Communtity Housing Corporation