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somerset: Smart Growth in New Jersey - 11/12/08 11:15 AM
New Jersey has designated certain areas throughout the state as Smart Growth areas. Generally these areas are along major highway corridors. For example, in Hunterdon county the Smart Growth areas follow Route 22 which goes through Readington and Clinton townships. Not all of either of these townships qualifies as Smart Growth.
The Smart Growth areas are designed to encourage home ownership where there is already dense population. Don't look for complete logic here though. For example, most but not all of Hillsborough township in Somerset county is considered Smart Growth while it appears that all of Bridgewater township is included. Meanwhile … (0 comments)
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somerset: Help for Home Buyers - 11/12/08 07:31 AM
New Jersey is still offering first time home buyers help through the Smart Start program. The program offers a grant for 4% of the sale price which can be used towards down-payment or closing costs. The grant is not repaid until the buyer sells the property. If the buyer stays in the home for seven years, the grant is forgiven. The progarm is restricted in that you must buy in a Smart Growth area.
There is also a program to help people buy a home where they work. The buyer can get a grant for 5% of the mortgage amount. There … (2 comments)
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Veronica DeCarolis
Flemington,
NJ
More about me…
Weidel Realtors
Address: 405 Route 202, Flemington, NJ, 08822
Office Phone: (908) 782-0100 x 217
Cell Phone: (908) 313-5052
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