REQUEST FOR PUBLIC COMMENT
NOTICE OF PROPOSED SUBSTANTIAL AMENDMENT TO PY 2023 CONSOLIDATED/ANNUAL ACTION PLAN
Attention: Residents and Stakeholders
Jersey City Division of Community Development (DCD) desires to substantially amend its Consolidated Plan/Annual Action Plan for program year 2023 for its First-Time Homebuyer Program, funded by the U.S. Department of Housing and Urban Development’s (HUD) HOME Investments Partnership (HOME) Program.
In accordance with Consolidated/Annual Action Plan requirements at 24 CFR Part 91 Subpart B and the City’s Citizen Participation Plan, DCD has published this proposed change to provide interested residents and stakeholders with an opportunity for public comment. The proposed amendment aims to set a new maximum purchase price for program participants with HOME first time homebuyer assistance, as determined by a recently conducted housing survey in accordance with 24 CFR 92.254(a)(2)(iii).
Recently, DCD conducted a housing survey of the Jersey City real estate market. The results show that HUD’s current maximum housing prices for recipients of HOME assistance do not reflect the current Jersey City housing prices. Through this amendment, DCD seeks to:
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Raise the maximum purchase price limit for participants with HOME homebuyer assistance to better reflect the rapidly changing Jersey City housing market;
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Enable more first-time homebuyers of one-, two-, three-, and four-unit homes to access affordable housing options through the HOME program; and
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Enhance the overall affordability and availability of housing within Jersey City.
In accordance with 24 CFR 92.254(a)(2)(iii), DCD proposes the following maximum purchase prices for program participants with HOME first time homebuyer assistance:
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1 Unit Housing- $570,000 (from $504,000)
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2 Unit Housing- $726,750 (from $644,000)
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3 Unit Housing- $902,500 (from $780,000)
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4 Unit Housing- $1,527,125 (from $967,000)
Residents and stakeholders are encouraged to review this notice and provide comments or suggestions concerning the proposed amendment. Your input is invaluable in shaping the future of housing initiatives within our community.
Further information may be requested by writing to the City of Jersey City Division of Community Development, 4 Jackson Square Jersey City, NJ 07305, emailing
[email protected], or by calling Bridget Mergucz at (201) 547-6910. This combined notice is being sent to individuals and groups known to be interested in these activities, local news media, appropriate local, state, and federal agencies, the regional office of the U.S. Environmental Protection Agency having jurisdiction, and to the HUD Field Office, and is being published in a newspaper of general circulation in the affected community.
PUBLIC COMMENT
Any individual, group, or agency may provide an in-person comment by coming to our Open Public Meeting on
Thursday, March 14th, 2024, at 10AM, located at the
Holloway Building Boardroom, 4 Jackson Square, 39 Kearney Ave, Jersey City, NJ 07305. We will be able to answer your questions or concerns regarding this substantial amendment.
Any individual, group or agency may submit written comments on the proposed amendment to the Consolidated/Annual Action Plan. The public is hereby advised to specify in their comments which “notice” their comments address. Comments should be submitted via email, in the proper format, on or before March 31, 2024, at
[email protected]. Written comments may also be submitted at the following address, or by mail, in the proper format, to be received on or before March 31, 2024: City of Jersey City - Division of Community Development, 4 Jackson Square, Jersey City, NJ 07305. Comments may be received by telephone by contacting Bridget Mergucz at (201) 547-6910. All comments must be received on or before 5:00 PM on March 31, 2024, or they will not be considered. If modifications result from public comment, these will be made prior to proceeding with the expenditure of funds.
Déjà Anderson
Certifying Officer
THIS STATEMENT AND THE DOCUMENTS LISTED HEREIN CAN BE MADE AVAILABLE IN SPANISH, TAGALOG, CHINESE, HINDI, AND ARABIC UPON REQUEST. A SPANISH INTERPRETER MAY BE REQUESTED PRIOR TO THE PUBLIC MEETING.