NJBIZ Highlights the Work of the HCEDC!
The Hudson County Economic Development Corporation was honored to be featured in the October 29, 2019 edition of NJBIZ. Learn more about the work of the HCEDC and our mission of Opening Doors In Hudson County in “Foot in the door”
Hudson County Economic Development Corporation and
New Jersey Community Capital Form Partnership To Assist
Veterans and Low-Income Families With Down-Payment Assistance
The Hudson County Economic Development Corporation (HCEDC) has joined New Jersey Community Capital to develop a new Hudson County down payment assistance program targeting veterans and low-income families. This program will provide a grant of up to $15,000 per household towards a down-payment to qualified veterans or other eligible applicants who are purchasing a primary residence in Hudson County. In addition to down payment assistance, home buyers will be connected with affordable mortgage financing through non-profit credit unions and other qualified lenders as well as free HUD-certified housing counseling helping to ensure sustained, successful homeownership.
The Down Payment Assistance Program is being funded through a $200,000 allocation from the HCEDC. At least 50% of the grants are earmarked for qualified veterans. Other applications from limited-income homebuyers are welcome.
For more information or to apply, please visit our website.