HANOVER TOWNSHIP — New Jersey Housing Resource Center has an affordable home for sale available to interested in an income-restricted home purchase. The three-bedroom moderate-income home has become available at 3806 Boxwood Drive, Whippany, for $216,427. Priority will be given to households that require three bedrooms.
Interested parties that would like to set up an appointment to view this home, contact Carol Mugele at Carol.Mugele@hpnj.us no later than 4:00 p.m. on Friday, May 29, 2020. She will be taking names only at this time. Information on viewing this home will be given at a later date.
Once you have viewed the home if you are interested in purchasing it, applicants must complete the preliminary application to be included in the random selection lottery. A pre-approval from a bank that will finance income-restricted homes will be required as part of the preliminary application. The random selection lottery will determine the order applications that will be processed for certification for a specific home. The first household certified as income-eligible will have the opportunity to continue with the purchase of the home.
- Applicants are required to have a 5% down payment.
- If an application is received after its due date that application will automatically be moved to the end of the list.
- If you decide you are not interested in buying this home you do not need to respond, your name will remain on the waitlist.
If you have not taken homebuyer education you should begin taking the online class, to learn about the buying process and start to prepare for homeownership. Information on these classes can be found by clicking here. There is a $25 discount for the class by using coupon code HP25.
Additional details on this property are available by clicking here.
Maximum Income for Morris County listed below:
| Household Size | Low Income Maximum* | Moderate Income Maximum* |
| 1 | $36,928 | $59,085 |
| 2 | $42,204 | $67,526 |
| 3 | $47,479 | $75,967 |
| 4 | $52,755 | $84,408 |
| 5 | $56,975 | $91,160 |
| 6 | $61,196 | $97,913 |
*Child Support, Alimony, Social Security Benefits, Interest and Gross Salary for all persons over 18 (except full-time students) are counted as income.)
