20
JERSEY CITY, N.J. — Ground has broken on the 8-unit Harriet Tubman Townhouses in Jersey City. Developed by Eagle Rock Development, the townhomes represent the first development to take place in Jersey City under CHOICE, the New Jersey Housing & Mortgage Finance Agency’s affordable housing program. The 1,600-square-foot, two-story brick townhomes will feature three bedrooms and two-and-a-half bathrooms. Construction financing will be provided by the New Jersey Housing & Mortgage Financing Agency and a co-first lead lender. Below-market permanent end-loan mortgages will be available to eligible first-time homebuyers. Completion is slated for June 2008.