.

Long Branch Housing Authority Unveils First Homeownership Units

Homes are located in Garfield Court

The Long Branch Housing Authority (LBHA) has finished the construction of eight homeownership units in Garfiled Court and has announced they are now on the market.

The Homes at Hope Lane are the first homeownership units units produced by the LBHA, and their completion marks the end of the authority's Hope VI initiative.

The revitalization of the LBHA's housing complexes is part of a national initiative known as HOPE VI that pumped $6.7 billion in federal funding into America’s cities within the past 18 years. It’s been an effort to replace distressed housing projects with townhouses and other low-rise developments designed to provide tenants with a cleaner and safer way of life.

During a ribbon-cutting ceremony for the Homes at Hope Lane on Saturday, Development Officer Jacob Fisher, of Penrose Properties, said the completion of the units is "special."

"It's a special experience to actually walk through the units now that they're completed," Fisher said. "They are really nice and I think they will sell quickly."

The 3-bedroom townhomes are available for residents who meet certain income limits. Seven are still available, as one was sold late last year.

Those interested in purchasing one of the homes should contact Thomas Lorber of Woodward Realty Group at 732-671-0100.

Lorber said he was impressed by the units and the hard work the LBHA has put into developing them.

"The (LBHA) has a vision of what they are doing for the people of Long Branch," Lorber said. "I salute the team that has done the work and gotten us to this point."

Under Long Branch’s $20 million HOPE VI grant, housing complexes that had provided 290 units of public housing were improved and downsized to 246 units. Two hundred and thirty-eight units have been built so far, and the Homes at Hope Lane are the remaining eight units.

The initiative, which began in 2005, included the renovation of Seaview Manor, Presidential Estates and Garfield Court 1 and 2. It also included the building of the Bucky James Community Center, which is located near Garfield Court.

Dominick Palermo March 25, 2013 at 01:36 PM
Not saying a word on this.....................
Alicia78 March 25, 2013 at 02:44 PM
It's great that someone who never thought they could own their own home now can, but I wouldn't recommend anyone to buy these places....they are so close to garfield court that they look like they are part of it, they are built so cheap and I just don't see how you could sell them.
Michele Lovie March 25, 2013 at 03:56 PM
does anyone know what the income level requirements are to purchase there units? also is there any special financing to the buyer or do they need to aquire their own financing through a conventional loan/bank? thanks for any info you have, Michele
Chris P. March 26, 2013 at 10:25 PM
Michele...call the Housing Authority at 732-222-3747 and ask for Chris Pugliese for information.
Jaime Carlesimo March 26, 2013 at 10:46 PM
lol.. @ Dominick Palermo
Jaime Carlesimo March 26, 2013 at 10:50 PM
Alicia they are dead smack in the middle. Who the hell would buy one of those... Next storm they will blow away! I did enjoy watching the Amish boys build them. I didnt know you can hire them to come from PA and work.. I wonder for how much.. It was strange and entertaining, Im sure they build strong with their own materials Im confident it was provided for them,, which means cheap cheap cheap!! lol <3

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something