Ocean City, New Jersey
Market to Affordable
Pre-applications are currently being accepted to qualify to buy affordable units in The City of Ocean City. In order to be eligible for an affordable housing unit, you must meet certain income limits as determined by the New Jersey Affordable Housing guidelines.
The sales price for these one bedroom units will be based upon household income and range from $62,500 to $111,709. For income guidelines click here. Interested households will be required to submit a pre-application in order to place your name on a waiting list.
Triad Associates has been designated by the City of Ocean City to act as the program Administrative Agent to qualify and assist homebuyers through the application process.
Units will be deed restricted to ensure continued affordability. Applicants will be required to have a minimum credit score of 640 (with no recent judgments, bankruptcies or foreclosures) in order to obtain mortgage pre-approval.
Triad Associates has been designated by the City of Ocean City as the program Administrative Agent to qualify and assist buyers through the application process.
If you are interested in applying to purchase one of the affordable units, you must complete a pre-application. Interested persons are to call Beth Mingey at Triad Associates, at 856-690-5749 to request an Application, or via email at firstname.lastname@example.org.