Gateway Community Action Partnership will celebrate the American Dream of Homeownership on DEC. 7 with a 10 a.m. ribbon cutting on the first of 10 new single family homes on South Avenue and Eagle Street, in Bridgeton’s Southeast Gateway Neighborhood.
The affordable, quality homes all include three bedrooms, 1.5 baths, living room, dining room, kitchen, appliances and central air, all with a starting price of $77,500.
First-time homebuyers with an income of at least $31,620 (household of two) are eligible. Requirements for Mill Creek Crossing home ownership includes attending home buyer classes, have a permanent income, qualify for a mortgage, have a credit score of at least 580 and be a U.S. citizen. Applicants must meet U.S. Housing & Urban Development (HUD) guidelines and be approved by the NJ Housing Affordability Service (HAS).
The project is funded by the NJ Department of Community Affairs through the Neighborhood Revitalization Tax Credit (NRTC), HUD, the City of Bridgeton and the Cumberland Empowerment Zone as well as Wells Fargo and TD Bank.
For an application or additional information on Mill Creek Crossings homes on South East Avenue, call 800-457-3188. For ribbon cutting event questions, call 856-497-6621.