AFFORDABLE HOUSING CEDARBROOK CONDOMINIUM DEVELOPMENT BRANCHBURG, NEW JERSEY Currently availability: There are currently 4 Moderate Income units and 1 Low Income unit available. See the next 5 pages for more information on each unit. To be eligible to rent an Affordable Housing unit in Branchburg Township, your household must meet the NJ Fair Housing Act maximum household gross income requirements. Household Size Low Income Moderate Income 1 $36,750 $58,800 2 $42,000 $67,200 3 $47,250 $75,600 4 $52,500 $84,000 CEDARBROOK DEVELOPMENT is located off of Magnolia Lane, which is off of County Line Road. There are a total of 40 one- two- and three-bedroom, low- and moderate- income condominiums in this complex. The condominium units are in three story buildings. Each condominium is a single level, but the condominiums are located on all three floors. This development offers a pool, tennis courts and a tot lot. Dumpsters are on-site for garbage and recycling. There is an Association fee of approximately $100 per month which covers outside maintenance of the common areas and snow removal. Property Taxes range from $1,500 to $2,500 per year. Buyers of Affordable Housing must provide their own financing and be able to afford a minimum 5% down payment. Please direct any further questions to Affordable Housing Services at 908-526-1300 x102 or [email protected]. Single Person Households are not eligible for 2 bedroom units. Updated March 18, 2015 Branchburg Township Affordable Housing Condo For Sale 2-Bedroom LOW-Income $86,872 This unit is part of the NJ Low/Moderate Fair Share Housing Program. Features: *First Level *Laundry area *Deck with sliding glass door *Walk-in closet in Master bedroom *Front Unit *Central Air *Eat-in kitchen Approximate yearly taxes: $2,000 Association fees: approximately $300/quarter. Covers garbage, recycling, snow removal, lawn care, pool usage and outside maintenance *2 bedrooms *1 bathroom *Laminate Flooring E n t r y Items to remain in unit: refrigerator, washer/dryer combo Approximate Dimensions Additional Information: Painted in 2015 Household Requirements: • Must meet the NJ Council of Affordable Housing requirements to qualify. • An application must be completed and submitted with the required supporting documentation.* • Able to obtain a mortgage and have a minimum 5% down payment, plus closing fees. • To be eligible to purchase a unit, your household must meet the following maximum income criteria: Household Size LOW Income 2 3 4 $42,000 $47,250 $52,500 To receive an application contact Branchburg Township Affordable Housing Services at 1077 US Highway 202 North, Branchburg, NJ 08876 908-526-1300 x102 or [email protected] Applications will be certified and referred to the owner on a first-come, first-serve basis. Single Person Households are not eligible for this unit. Updated: March 18, 2015 Branchburg Township Affordable Housing Condo For Sale 1-Bedroom Moderate-Income $117,071 This unit is part of the NJ Low/Moderate Fair Share Housing Program. Features: *Second (Top) Level *Laundry area *Deck with sliding glass door *Walk-in closet in Master bedroom *Front Unit *Central Air *Eat-in kitchen *Approx. 800 sq. ft. Approximate yearly taxes: $2,400 Association fees: approximately $300/quarter. Covers garbage, recycling, snow removal, lawn care, pool usage and outside maintenance *1 bedroom *1 bathroom *Laminate flooring E n t r y Items to remain in unit: All appliances Items to be sold separately: portable dishwasher, balcony furniture. Approximate Dimensions Additional Info: Newly painted walls and closets, built-in above range microwave. Shelving/closet systems in closets Household Requirements: • Must meet the NJ Council of Affordable Housing requirements to qualify. • An application must be completed and submitted with the required supporting documentation.* • Able to obtain a mortgage and have a minimum 5% down payment, plus closing fees. • To be eligible to purchase a unit, your household must meet the following maximum gross income criteria: Household Size Moderate Income 1 2 $58,800 $67,200 Applications are available at www.branchburg.nj.us, Branchburg Township Affordable Housing Services at 1077 US Highway 202 North, Branchburg, NJ 08876, or 908-526-1300 x102 This is a resale unit. Applications will be certified and referred to the owner on a first-come, first-serve basis. Updated: August 2014 Branchburg Township Affordable Housing Condo For Sale 1-Bedroom Moderate-Income $131,214 This unit is part of the NJ Low/Moderate Fair Share Housing Program. Features: *Second Level (Top) *Laundry area *Deck with sliding glass door *Walk-in closet in Master bedroom *Back Unit *Central Air *Eat-in kitchen *Approx. 750 sq. ft. Approximate yearly taxes: $2,600 Association fees: approximately $300/quarter. Covers garbage, recycling, snow removal, lawn care, pool usage and outside maintenance *1 bedroom *1 bathroom *Laminate flooring E n t r y Items to remain in unit: stainless steel refrigerator, stainless steel stove, washer & dryer, microwave. There are also remote ceiling fans in the bedroom and living room Approximate Dimensions Household Requirements: • Must meet the NJ Council of Affordable Housing requirements to qualify. • An application must be completed and submitted with the required supporting documentation.* • Able to obtain a mortgage and have a minimum 5% down payment, plus closing fees. • To be eligible to purchase a unit, your household must meet the following maximum gross income criteria: Household Size Moderate Income 1 2 $58,800 $67,200 Applications are available at www.branchburg.nj.us, Branchburg Township Affordable Housing Services at 1077 US Highway 202 North, Branchburg, NJ 08876, or 908-526-1300 x102 This is a resale unit. Applications will be certified and referred to the owner on a first-come, first-serve basis. Updated: August 2014 Branchburg Township Affordable Housing Condo For Sale 2-Bedroom MODERATE-Income $142,166 This unit is part of the NJ Low/Moderate Fair Share Housing Program. Features: *First Level *Laundry area *Patio with sliding glass door *Walk-in closet in Master bedroom *Front End Unit *Central Air *Eat-in kitchen Approximate yearly taxes: $3,000 Association fees: approximately $300/quarter. Covers garbage, recycling, snow removal, lawn care, pool usage and outside maintenance *2 bedroom *1 bathroom *Laminate Flooring E n t r y Items to remain in unit: Refrigerator, washer and dryer Approximate Dimensions Additional Information: New carpeting, new flooring. Household Requirements: • Must meet the NJ Council of Affordable Housing requirements to qualify. • An application must be completed and submitted with the required supporting documentation.* • Able to obtain a mortgage and have a minimum 5% down payment, plus closing fees. • To be eligible to purchase a unit, your household must meet the following maximum income criteria: Household Size Moderate Income 2 3 4 $67,200 $75,600 $84,000 Applications are available at www.branchburg.nj.us, Branchburg Township Affordable Housing Services at 1077 US Highway 202 North, Branchburg, NJ 08876, or 908-526-1300 x102 Single person or couple households are not eligible for this unit. This is a resale unit. Applications will be certified and referred to the owner on a first-come, first-serve basis. Updated: December 2, 2014 Branchburg Township Affordable Housing Condo For Sale 2-Bedroom MODERATE-Income $153,146 This unit is part of the NJ Low/Moderate Fair Share Housing Program. Features: *Second (top) Level *Laundry area *Deck with sliding glass door *Walk-in closet in Master bedroom *Back End Unit *Central Air *Eat-in kitchen *2 bedroom *1 bathroom *Carpeting E n t r y Approximate yearly taxes: $3,200 Association fees: approximately $300/quarter. Covers garbage, recycling, snow removal, lawn care, pool usage and outside maintenance Items to be sold separately: Washer and Dryer Approximate Dimensions Additional Information: New carpeting, new flooring. Household Requirements: • Must meet the NJ Council of Affordable Housing requirements to qualify. • An application must be completed and submitted with the required supporting documentation.* • Able to obtain a mortgage and have a minimum 5% down payment, plus closing fees. • To be eligible to purchase a unit, your household must meet the following maximum income criteria: Household Size Moderate Income 2 3 4 $67,200 $75,600 $84,000 Applications are available at www.branchburg.nj.us, Branchburg Township Affordable Housing Services at 1077 US Highway 202 North, Branchburg, NJ 08876, or 908-526-1300 x102 Single person or couple households are not eligible for this unit. This is a resale unit. Applications will be certified and referred to the owner on a first-come, first-serve basis. Updated: November 13, 2014
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