Lakewood Township Affordable Housing Application for Lakewood Commons

Lakewood Township Affordable Housing Application for LAKEWOOD COMMONS

Download Application HERE
LAKEWOOD TOWNSHIP AFFORDABLE HOUSING
 March 5, 2020
Dear Applicant:
The Mayor and Township Committee of Lakewood and NJ Hand are pleased to announce that applications will be accepted for the affordable, for-sale housing units available at the “Lakewood Commons” development phases V, VI and VII. The price of the units has not been finalized. Previous prices have been between $169,146 and $299,000 and contain three (3) or four (4) bedroom units.
You must meet household size, income and asset limits. Please see the chart on page two of the application.
The requirements for these units are as follows:

 Must be a First Time Homebuyer.
 Must meet household size, income and asset guidelines.
 Must be willing and able to purchase a unit.
 Must provide a deposit and obtain a commitment for financing upon selection
 Deed restrictions are placed on each unit.
 Unit must be used as only residence.
 Preference will be given to Mercer, Monmouth and Ocean County residents and workers.
 If selected, every adult household member (over age 18) will be required to submit to a civil and
criminal background check.
These units will be filled based on a lottery system. *

http://www.lakewoodnj.gov/images/db/admin-6372-LW-Commons-Application-and-Cover-Letter-Phases-567-FINAL.pdf