THIS NEW CONSTRUCTION CONSISTS OF:

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Units                                Estimated Sale Price                Common Charges   Income Limit 

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Studio                                     $90,000        $149         50%

1 Bedroom                            $142,500      $224         80%

2 Bedroom-Regular       $200,000    $330         80%

2 Bedroom-Large            $195,000     $380         80%

Interested buyers may begin 

the application process by completing

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The Bayonne Applicant Profile Form 

APPLY NOW !

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​​​​MINIMUM ELIGIBILITY CRITERIA

FOR APPLICANTS: 

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• First Time Homebuyers

• Minimum Credit Score of 640

• Down Payment - Must Have Own Funds of at Least 5% of Purchase Price *​

• Income Below the Maximum Income Limit Based on Family Size 

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​Maximum Family Income Income Limit 

1 Person   2 Person    3 Person    4 Person    5 Person

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STUDIO APARTMENT  50 % AMI 

 $34,550     $39,450      $44,400      $49,300    $53,250  

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ONE BED ROOM & TWO BEDROOM  80 % AMI

$55,250     $63,150        $71,050       $78,900    $85,250    

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Family Income = All persons, all source combined  -  ie. pension, social security, unemployment, disability, TANF, welfare, alimony, child support any other sources. . 

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*

Downpayment for Two-bedroom: $9,500

Downpayment for One-bedroom: $7,100

Downpayment for Studio: $4,500

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OFFICE HOURS 

M - T - W  10 am - 3 pm 

For Sales and / or to Schedule an Appointment 

Phone: 201-610-1486

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#affordablehousing #affordablehousingnj

#affordablehousingforall #bayonnenj

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