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Get Matched Free →Jersey City Golden Neighborhood Homeownership Program (GNHP)
Funding status: Active
How much assistance
Up to $150,000
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)
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.
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.