Former Foreclosure to Future Asset
Garden State Episcopal CDC has completed another project in Greenville. GSECDC acquired a formerly foreclosed property, completed moderate rehabilitation and turned it into 4 units of housing. We think it is an improvement but we will let you be the judge.
Just five days after the Certificates of Occupancy were issued by Jersey City, We are proud to announce that all four of the homes at 291-297 Halladay Street are under contract.
To date, GSECDC has completed the development of over 240 residential units, turning over 90 abandoned properties into quality housing for over 630 people through a $40-million investment in emerging markets.
GSECDC is a premier, affordable housing non-profit developer in Jersey City with over two decades of experience in building quality housing. The Division of Housing and Community Development is responsible for carrying out GSECDC's mission providing quality affordable housing opportunities to families that cannot comfortably afford to rent or buy in the private market.
Garden State Episcopal CDC has completed another project: Van Brunt Homes! This project involved the acquisition of several scattered site vacant lots from the City of Jersey City for the infill new construction of five two family homes (total of 10 units). This project generated $1,081,765 in mortgage activity.
The Van Brunt Homes are named in honor of GSECDC’s longest standing Board Member, Peter Van Brunt. He was the lead person responsible for the completion of our first housing project in 1993 which involved the adaptive reuse of an abandoned school building into 28 units of low income housing. Peter remains active with the organization and our affordable housing efforts.
What do you like best about your new home?