Downpayment and closing costs assistance for housing in Middlesex Cty, NJ

The Middlesex County Department of Housing and Community Development will award downpayment
and closing cost assistance funds to income eligible first time homebuyers under the US Department
of Housing and Urban Development (HUD) American Dream Downpayment Initiative (ADDI) program.

Basic Program Requirements
1. Applicant must be a first time homebuyer who has completed a one day homebuyer training course
within the past year offered by one of the following:
• Puerto Rican Action Board - Housing Coalition Unit - Phone (732) 249-9700
• Faith Fellowship Community Development Corp. - Phone (732) 727-9500
• Any other HUD certified housing counseling agency
2. Applicants do not apply until they are under contract for a single family property. Eligible properties are
detached homes, townhouses, ·condominiums.,. an.c.:l.gp-ops. The purchase price of the property cannot
exc"€ed four times the certified income level of the household, with an overall maximum of $362;790.
3. Applicants must have a mortgage pre-appmval.
4. Applicant must purchase housing in the following Middlesex County municipalities:
_ Carteret ;.•,' Highland Park'~"=:: North Brunswick South Brunswick
Cranbury Jamesburg Old Bridge South Plainfield
Dunellen Metuchen Piscataway South River
East Brunswick Middlesex Plainsboro Spotswood
Edison Milltown Sayreville Woodbridge
Helmetta Monroe.. _. South Amboy
(Please note that New Brunswick and Perth Amboy are not eligible municipalities)
5. Household income does not exceed the following limits:
One-person - $54,200 /Five-person $83,500
Two-person - $61,900 / Six-person - $89,700
Three-person - $69,600 /Seven-person - $95,900
Four-person - $77,400 / Eight-person - $102,100
6. The property being purchased must pass County's Housing Quality Standards inspection and be certified free of lead based paint hazards.
7. Assistance will be in the form of a deferred repayment mortgage, which doesn't require payment of
principal or interest by the homebuyers provided they own and live in the property for six years.
Homebuyers who sell the property before this time will be required to pay back the full amount of the
ADDI assistance, plus 4% simple interest. Assistance will range from $8,500 - $13,500.
For additional information on the program, please contact Melissa Bellamy
Middlesex County Department of Housing and Community Development
(732) 745-2922 or melissa.bellamy@co.middlesex.nj.us.

1ir EOUAL HOUSING
OPPORTUNITY
Middlesex County Board of Chosen Freeholders
David B.. Crabiel, Freeholder Director
Stephen J. Dalina, Deputy Director
Camille Fernicola
H. James Polos
Christopher D. Rafano
Ronald G. Rios
Blanquita B. Valenti