CITY OF NEWARK
“LIVE NEWARK PROGRAM(S)”
PROGRAM OUTLINE
Mayor of Newark
Ras J. Baraka
Department of Economic and Housing and Development
Baye Adofo-Wilson
Director/Deputy Mayor
Director of Housing and Real Estate
Julio Colon/Director
Senior Loan Advisor/Program Manager
Kelly L. Schenck
“Live Newark” Program Outline
Dear Sir/Madam:
Thank you for your interest in the City of Newark’s “Live Newark Program(s)”. If you are
interested in applying, carefully Read the Program Outline and complete the attached
application.
Description:
“Live Newark Program(s)” consist of various incentives for *Newark Municipal Working
Professionals and Newark Public School Teachers to live in Model Neighborhood Initiative,
*MNI areas (See Map Attached). The” Live Newark” loans 1 and 2 are incentives for first
time home buyers to use for closing costs and/ or rehabilitation associated with the
purchase of an owner-occupied residential property located within the MNI areas.
Live Newark Loan 1:
 $5,000 forgivable loan for closing costs for any home purchased in MNI areas.
 Purchaser(s) must live in the home for 5 years, with 10% forgiven each year.
 Lien will be attached to first mortgage; which will be discharge after 5 years
Live Newark Loan 2:
 $25,000 forgivable loan for home rehabilitation on homes that have NOT already
benefited from other home construction and/or rehab programs.
 Purchaser(s) must live in the home for10 years, with 10% forgiven each year.
 Lien will be attached to first mortgage; which will be discharged after 10 years
Eligibility Criteria (Live Newark Loan 1 and Loan 2):
 Applicant MUST occupy the home that is purchased and the home must serve as
their primary residence. (Vacation homes, second homes are NOT permitted).
 All prospective buyers are required to participate in a homeownership counseling
session. Below is a list of Approved Homeownership Counseling Agencies:



New Jersey Citizen Action
Neighborhood Assistance Corporation of America
New Community Federal Credit Union
Urban League of Essex County
La Casa De Don Pedro
Tri-City Peoples Corporation
Only one grant per household for each loan.
Loan 1 and loan 2 can be combined bringing the loan term to 15 years
Program funds are provided on First-Come, First-Serve basis after all required
documentation has been submitted and funds are still available
Home Eligibility Requirements (Live Newark Loan 1 and Loan 2):
 Home must be located with the MNI area (see the attached map).
 The home must be a 1-4 family dwelling, Townhouses and Condominiums are
permitted
 If existing homes require rehabilitation are purchased (foreclosure homes, etc.)
sums must be set aside at the loan closing in amounts sufficient to complete those
renovations necessary in order to meet code requirements. Renovation must be
completed within 3 months (Consideration for extension will be determined case
by case)
 The purchase price of the home must not exceed the fair market value of the
property.
 The employee must be in possession of a signed Sales Contract/Purchase
Agreement upon returning application for review.
Interested applicants should complete the enclosed application along with supporting
documentation and forward it to:
Kelly L. Schenck
Senior Loan Advisor/Program Manager
Office: 973-733-8425
kellyse@ci.newark.nj.us
Department of Economic and Housing Development
Division of Housing and Real Estate
920 Broad Street, Room 402
Newark, New Jersey 07102
*MNI: Model Neighborhood Initiative
*Newark Working Professionals: Open to all Permanent Municipal Employees and Newark
Public School Teachers looking to purchase within MNI areas.
“CITY OF NEWARK”
“NEWARK LIVE” MUNICIPAL EMPLOYEE PROGRAM
APPLICATION
Thank you for your Interest in the City of Newark’s “Live Newark Program” carefully read
and complete the attached application in its entirety.
Please check which Live Newark Program(s) you are applying for:
Live Newark Loan 1:
o Up to$5,000 forgivable loan for closing cost for homes purchased within the MNI
areas by Municipal Employees and Newark Public School Teachers.
Live Newark Loan 2:
o Up to $25,000 forgivable loan for home rehabilitation on homes purchased within
the MNI areas by Municipal Employees and Newark Public School Teachers.
o See Section IV, Eligible and Requirements for Rehabilitation Loan.
o Live Newark Loan 1 and 2
$5,000 closing cost combined with $25,000 rehabilitation for homes purchased
within the MNI areas by Municipal Employees and Newark Public School Teachers.
In order for the Division of Housing and Real Estate to process your application and to
participate in the City of Newark’s “Live Newark” Program(s), the following documents
must be provided, as this will expedite the processing of your application. Incomplete
applications will be returned.
1. Signed Contact of Sale/Sales Agreement MUST accompany application
2. Section II Employment Verification (Must be filled out by Human Resources)
3. Loan Application (1003), Good Faith Estimate (GFE) ( Documents from Lender)
4. Copy of Employee Identification
5. Section IV Criteria to apply for Rehabilitation (Please thoroughly Read)
5. Section V Complete and sign the Financial Privacy Act Notice
6. Section VI Certification, MUST be notarized
SECTION I-APPLICANT INFORMATION: (please print)
This information will remain confidential and will be used only for the purpose of
determining eligibility for participation in this program. You must complete all
sections of the application. Please print or type all information.
Applicant Name:
______________________________________
First
Last
__________________
Home Telephone
Applicant Current Address: ___________________________________
Street
_________________
Business Telephone
__________________________________
City
State
Zip
__________________
Cell Number
Purchase Address: ________________________________________________
SECTION II-HOUSEHOLD COMPOSITION: (please print)
Household means all persons who will be residing in the home at time of purchase.
Name
1.
2.
3.
4.
5.
6.
Relationship
M/F
Date of
Birth
SELF
COMPLETE FOR STATISTICAL USE ONLY:
Female head of Household_____
Disabled_____ Senior Citizen_____
Marital Status: Married_____ Single_____Divorced_______Widowed_____
Race: White_____
Black_____
Hispanic_____
Native Alaskan_____ Asian/Pacific_____ Other_____
Age
SECTION III – EMPLOYMENT VERIFICATION
Name of Department: ______________________________________________________
Name of Division: _________________________________________________________
Address: _________________________________________________________________
To Employer:
I hereby request this verification of employment be completed and returned to the Division
of Housing and Real Estate. I understand that all information will be kept confidential.
____________________________________
Employee Name (Print)
__________________________
Date
____________________________________
Signature
Current Address
______________________________________________________________
DIVISION OF HOUSING ASSISTANCE REPRESENTATIVE
__________________
DATE
To be completed by Human Resources:
1.
Date employment began ______________________
Terminated______________________
2. Occupation or type of work done______________________________________________
__________________________________________________
Signature of Authorized Representative
__________________________________
Official Position
__________________________________
Print Name
________________________
Date
Warning: 18 USC 101 provides, among other things, that whoever knowingly and willingly
makes or uses a document or writing containing any false, fictitious, or fraudulent statement
or entry, in any matter within the jurisdiction of any department or agency of the United
States, shall be fined not more than $10,000 for not more than five years, or both.
SECTION IV – LIVE NEWARK 2- REHABILIATION
Description:
Live Newark Rehabilitation program is geared for first time homebuyers employed by the
City of Newark and Newark Public School Teachers associated with the purchase of an
owner-occupied residential property located with the MNI areas (Maps Attached) to make
improvements to their homes which will help to beautify the community and satisfy
potential health and safety code violations. Funding is available on first come, first served
basis.
The maximum amount of assistance per household is $25,000.
Eligible Repairs include but not limited to:
Electrical, plumbing, heating, Exterior (Windows, roofing, siding, Structural Problems),
And any Health and Safety related items.
Requirements:
o Must be a first time home buyer
o Home must be 1-4 family dwelling
o Home must be within MNI areas
o All work must be performed by a licensed and insured contractor taken from the
City Of Newark Contractor Pool; contractor’s must obtain all necessary building
permits from the City of Newark;
o Inspection must be performed by a Division of Housing and Real Estate Inspector
o After completion of inspection, applicant must provide copy of Certificate of Code
Compliance C.C.C.
Interested applicants should complete this application along with supporting
documentation and forward it to:
Kelly L. Schenck
Senior Loan Advisor/Program Manager
Office: 973-733-8425
kellyse@ci.newark.nj.us
Department of Economic and Housing Development
Division of Housing and Real Estate
920 Broad Street, Room 402
Newark, New Jersey 07102
SECTION V -Financial Privacy Act Notice
Applicant: ________________________________________________________
Application #: _________________________
Date: ___________________
Notice:
This notice is provided to you pursuant to the requirements of the Right to Privacy Act of
1978
As a result of your request and/or receipt of financial assistance under the City of Newark
Municipal Employee Housing Assistance Program, the U.S. Department of Housing and
Urban Development (HUD) will have access to financial records held by the City of Newark
in connection with the consideration and/or administration of assistance to you.
Pursuant to these rights of access, your financial records and information as contained
therein will not be disclosed or released to any other person(s); government agency or
department, without your prior written consent, except as may be permitted and or
required by law.
Acknowledgement:
I have read the Right to Financial Privacy Act Notice presented above and by my signature
below, acknowledge and accept the terms and conditions set forth therein.
__________________________________________
Applicant’s Signature
_____________________
Date
SECTION VI – CERTIFICATION
I hereby certify the residence I seek to purchase will be used as my primary residence and
located within the City of Newark. I certify the information and supporting documentation
provided herein is true to the best of my knowledge and belief and that any
misrepresentation of information herein shall be cause for program disqualification and
cause for immediate repayment of any assistance received by me. I also understand that
final approval is subject to my ability to obtain a mortgage from a reputable lender. This
authorization allows the Division of Housing and Real Estate to act on your behalf in any
third party negotiations with lenders or other appropriate parties in an effort to resolve the
current or possible problems related to this transaction.
Applicant Signature: __________________________________
Date___________________________
Subscribed and sworn to before me on this:
_________ Day of ______________________,
_________________________________
Signature of Notary and Seal
Note: Submission of this application does not guarantee there will be assistance available
for you, nor does certification of income eligibility automatically qualify you. You must also
qualify for a mortgage.
ALL LOANS AND GRANTS ARE SUBJECT TO CITY, COUNTY AND FEDERAL LAWS,
RULES, REGULATIONS AND REQUIREMENTS.
ALL LOANS AND GRANTS ARE SUBJECT TO THE AVAILABILITY OF PROGRAM FUNDS.
YOUR APPLICATION WILL NOT BE CONSIDERED COMPLETE UNTIL ALL
INFORMATION HAS BEEN RECEIVED AND STATEMENTS/DOCUMENTS HAVE BEEN
CERTIFIED TO THE SATISFACTION OF THE DIVISION OF HOUSING ASSISTANCE.