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140
Bay Street
Affordable Housing
in
Jersey City, NJ
(1) One LOFT - Available NOW!
MODERATE - INCOME
Loft
(1) Affordable Housing Unit
FOR SALE
Unit Size: 1,033 sq.ft.
Unit Type: LOFT
This Unit Is Offered to Households Earning
MODERATE INCOME
Priority preference for first 30 days to Region 1 residents who are Certified Artists from the Jersey City Department of Arts and Cultures at the time of the preliminary application or prior. Region 1 according to U.H.A.C in NJ is Bergen, Hudson, Passaic & Sussex Counties.
Price
(1) Unit Total
(1) LOFT
Purchase Price
$325,000
*Read ALL info, requirements and criteria below *
Unit Amenities
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Spacious
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Open floor plan
Project Amenities
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Exposed brick and visible ductwork
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Prime location just steps from the Hudson River
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Situated in the sought-after Powerhouse Arts District
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Converted from a 20th-century industrial warehouse
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Reimagined as the contemporary Loft condominiums
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Modern living that remains connected to its industrial roots
This is an equal housing opportunity.
We pledge to the letter and spirit of U.S. Policy for achievement of equal housing opportunity throughout the Nation.
We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, religion, sex, handicap, familial status or national origin.
About this project:
*Quetzal Consulting is the Administrative Agent for this property.
We are not the owners or property mangers.*
Utilities are not included.
Please read below before
proceeding to the preliminary application at the end of this page.
What is the priority preference?
In accordance with the agreement for this project:
First-come first-serve basis to artists certified by the Jersey City Department of Arts and Culture at the time of the preliminary application for the first 30 days of marketing for Region 1.
An official application will be required if minimum criteria and selection criteria are met.
What are the income limits for this project ?
This project has units that are available to“moderate income” qualified applicants whose combined household income, including assets, meet the criteria for this affordable housing project “Moderate Income” is defined as the total combined gross annual income for all members of a household whose total income is greater than 50% but does not exceed 80%, of the area median income for the Jersey City FMR Metro Area as defined by the US department of of Housing and Urban Development for 2025.
Income 2025 limits for MODERATE-INCOME HOUSING are as follows:
Maximum 80% of AMI
Income for a 1 person household - $75,040
Income for a 2 person household - $85,760
Income for a 3 person household - $96,480
Income for a 4 person household - $107,200
What is the minimum criteria and selection criteria for this project ?
*Read all Rules before you apply*
*Minimum Criteria:
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All applicants selected for an official application will be required to complete a Homebuyer Education Course or First Time Home Buyer Education from H.U.D Certified Counseling Agency
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Income must be at or/ below the maximum “moderate-income” limit based on household size
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Must have own funds of at least 3.5% of Purchase Price or greater to afford a mortgage for this property
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Minimum credit score of approximately 680 or greater based on lender requirements
*Selection Criteria:
1. Priority preference for first 30 days to Region 1 residents who are Certified Artists from the Jersey City Department of Arts and Cultures at the time of the preliminary application or prior. Region 1 according to U.H.A.C in NJ is Bergen, Hudson, Passaic & Sussex Counties.
2. Must be certified as a “moderate-income” eligible household according to the Deed Restriction associated with property and DOAH.
3. Obtain a mortgage pre-approval from a Lender who can lend to this affordable housing property with affordable housing restrictions.
What is the deadline to apply?
Application Open Date: Monday, January 5th, 2026 I
Deadline: Friday, March 6th, 2026
Occupancy Date: April 2026 (approximately)
Is there an application fee?
There is NO FEE for Preliminary Application
(Applying does not guarantee approval)
How can I receive more assistance?
Sales Contact Information: info.140baystreet@gmail.com
Contact Phone: 201-832-4828
Mon - Thu 10am - 6pm
(48/72 hour response time due to volume of calls)
Info Available In: Spanish, Arabic, Urdu, Gujarati, and Hindi and paper applications upon request.
What are the HOA Fees?
$516 per month (approximate)
What are the Property Taxes?
$539.74 per month (approximate)
What are the Private Property Insurance Fees?
$189 per month (approximate)
What will the monthly mortgage payments be?
Monthly payments are estimates and may vary based on lender rates,
lender fees and earnest down payment - and other variables.
Where do I apply ?
Apply ON LINE
By Clicking The Below Button
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