And is there any copper left
Bet some police, fire fighter, or teacher wins this supposedly random lottery
I suspect some underlying fuckery down the line like they did in Jersey City.
In Bergen-Lafayette, a Jersey City housing program has sparked controversy over affordable development and gentrification in the city.
www.nj.com
They are basically putting HUD homes in a lottery.
Very rarely do you find a HUD home that doesn't need extensive work.
But at least with a HUD home....u get to go in and inspect it to see what all damage has been done before u bid on it.
I've never seen a lottery system work. I remember when I was teaching they had a HUD lottery for teachers and it was an impossible program to navigate. Pretty much you had to go look at the house and do all the research to submit to them in hopes of them choosing you for that house.
I wouldn't mind getting a house and making it but Newark is a hard sell. I have family there but and I know they have been cleaning it up but...it's still Newark...and it's still in New Jersey. I'd probably consider Delaware before Jers.
NEWARK, N.J. (PIX11) – With her hands in the air and tears in her eyes, Latoya Hardin holds the keys to a new home in Newark she’s buying for just a dollar. “It’s absol…
pix11.com
NEWARK, N.J. (PIX11) – With her hands in the air and tears in her eyes, Latoya Hardin holds the keys to a new home in Newark she’s buying for
just a dollar.
“It’s absolutely amazing,” said Hardin. “It’s unbelievable to tell you the truth.”
She and a handful of other Newark residents are winners of the City’s first-ever lottery for the sale of City-owned properties in partnership with Neighborhood Assistance Corporation of America, or NACA.
“It was just shock,” said Hardin. “Complete shock because you dream about it, you pray about it, you talk to your family about it, you talk to your friends about it, and for it to actually happen, it’s a dream come true.”
Now, she and her son, Corey Grant, can renovate a home on Stuyvesant Avenue to their liking.
More New Jersey News
“It’s really unbelievable,” said Grant. “We never had a house before.”
“Priceless,” added Hardin. “Something we can hold for generations on. My family will be taken care of; his family will be taken care of.”
Those who were in the lottery are pre-approved residents who’ve lived in Newark for at least five years or were displaced by gentrification and must commit to living in their new home for at least ten years. Winners receive financing to build or renovate their new home without down payment or mortgage insurance.
“Whatever paint you want, whatever design you want, whatever flooring you want, whatever kitchen you want,” said NACA Founder and CEO Bruce Marks.
“We’re doing this because we need to, we have to,” said Mayor Ras Baraka. “Obviously, we want to put more homeowners in the City of Newark. At the same time, deal with the wealth gap that exists in the State of New Jersey.”
Census data shows more than 75% of Newark residents rent their homes. After renting all her life, Shonda Legette will also finally see her name on the deed to the house.
“This is truly a blessing to be a first-time homeowner and to do it on my own,” said Legetter.
Not only will she be a homeowner but a landlord, as she plans to rent out one of the floors of her newly acquired home.
So, what does she have in mind for the design? “To be honest, I don’t really know right now,” said Legette with a smile. “I’m just really trying to live in the moment.”
