Bedminster Township Down Payment Assistance Program

What is Bedminster Township Down Payment Assistance Program?

Bedminster Township Down Payment Assistance Program is a grant for homebuyers in Bedminster Township, New Jersey, administered by Community Grants, Planning & Housing (CGP&H) — administering agent for Bedminster Township.

• Bedminster Township offers down payment / affordability assistance through its affordable housing program, administered by Community Grants, Planning & Housing (CGP&H). The program supports income-qualified buyers purchasing deed-restricted affordable units within the township, with applications and income qualification handled through CGP&H and AffordableHomesNewJersey.com. Bedminster affordable units carry a CGP&H-administered recapture-fee calculation upon resale.
• Down payment/affordability assistance for deed-restricted affordable units.
• Full-service administration and counseling through CGP&H.
• Funding comes from Bedminster Township municipal affordable housing program (administered by CGP&H).

Do you have to pay it back?

Bedminster Township Down Payment Assistance Program is structured as a grant, so it is not repaid.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Bedminster Township Down Payment Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Bedminster Township Down Payment Assistance Program sets its income limit as follows: Income-qualified low/moderate income per NJ affordable housing (UHAC) standards; specific limits posted on AffordableHomesNewJersey.com and not detailed on the township page.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Bedminster Township Down Payment Assistance Program caps the purchase price as follows: Affordability assistance applies to deed-restricted affordable units in Bedminster's program.

• Eligible property types include Deed-restricted affordable unit.

Where does it apply?

Bedminster Township Down Payment Assistance Program serves buyers purchasing in Bedminster Township, New Jersey.

• The program targets specific areas: Affordable units within Bedminster Township only.

How do you apply?

Applications for Bedminster Township Down Payment Assistance Program go through Community Grants, Planning & Housing (CGP&H) — administering agent for Bedminster Township, which publishes the current terms and the application steps on its own site.

1. 1

   Contact Community Grants, Planning & Housing (CGP&H) — administering agent for Bedminster Township to reserve funds

   Funds are reserved through Contact CGP&H at (609) 664-2769 x5; income qualification and application through AffordableHomesNewJersey.com., and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.