Jersey City Golden Neighborhood Homeownership Program (GNHP)

Administered by: City of Jersey City Division of Community Development · City · Grant

Funding status: Active

How much assistance

Up to $150,000 (Grant)

Considered a grant with no interest charges or payments for the life of the grant. Converts to a loan if the buyer moves, sells the property prior to end of required affordability period, or defaults on their mortgage.

Eligibility

  • Income limits: Household income must be between 60% and 80% of the Area Median Income (AMI)
  • First-time buyer required: Yes — Must be a first-time homebuyer
  • Geographic restrictions: Must purchase a home within the City of Jersey City
  • Homebuyer education required: Yes

How to Apply for Jersey City Golden Neighborhood Homeownership Program (GNHP)

Step 1: Contact the Jersey City Division of Community Development at 201-547-6910 or email GNHP@jcnj.org. Must secure mortgage pre-approval and complete 8 hours of HUD-approved homebuyer education to receive a homeownership readiness certificate.

Visit program website

Notes

Awardees receive up to 10% of the home purchase price for down payment plus $10,000 toward closing costs, with a maximum subsidy of $150,000 per household. Program applications open periodically — check the city website for current application windows.

Cities Where This Program Is Available