What is Newark's "Live Where You Work" program?

Live Where You Work - Newark is a special homebuyer incentive program that provides low-interest mortgage loans to homebuyers who work in and who are looking to purchase a home in Newark.

Mission
The Live Where You Work Homebuyer Program builds strong communities and promotes sustainable land use by encouraging people to live close to their places of employment.

Sponsors
Live Where You Work is sponsored by the New Jersey Housing and Mortgage Finance Agency (HMFA) in partnership with individual cities, boroughs and towns throughout New Jersey.


What are the benefits of Newark's "Live Where You Work" program?

• Low-interest mortgages for homebuyers.

• Down payment and closing cost assistance for the purchase of a home.

• More flexible underwriting criteria for the loan qualification process.

• Additional savings offered by local businesses in partnership with the City of Newark.

Newark - A Multicultural Mecca with Metropolitan Appeal
Newark is a city on the rise! Like many cities across America, Newark was settled by waves of immigrants through the years and now enjoys a rich cultural legacy. While affordable, authentic neighborhoods thrive throughout the City’s five wards, Newark is also cosmopolitan with a variety of upscale restaurants and eateries, shopping, concerts, sporting events, and festivals.

There are 20 distinct neighborhoods in the City, ranging from Science Park to Ironbound to the Downtown Arts District and the Lincoln Park Cultural District. You can find a home in high-rise apartments and condos, historic brownstones and emerging loft conversions. With affordable housing options and easy access to mass transit, Newark offers a lower cost of living than many regional metropolitan areas.

The Prudential Center, New Jersey Performing Arts Center, Riverfront Stadium, Newark Symphony Hall, and myriad restaurants, bars, clubs and nightlife provide plenty of local activity in the arts, culture and entertainment.


Maximum Income Limits for Newark†‡

Family Size	City Wide
1-2 Person Household	$87,600
3+ Person Household	$100,740

Maximum Purchase Price Limits for Newark†

House Type	City Wide
New 1 family	$429,619
Existing 1 family	$429,619
Existing 2 family	$550,005
Existing 3 family	$664,828
Existing 4 family	$826,218

A Message from Mayor Cory A. Booker

“The City of Newark is a great place to live, rear your family and to work. This city has a tremendously diverse population which brings a fantastic cultural flavor to this city. It is a melting pot of all nationalities, ages, and incomes. This city provides an assortment of housing stock for homebuyers and renters; it has many entertainment venues, cultural events, and educational facilities which includes universities and charter schools. There is on-going economic development in many of the neighborhoods and the downtown district to enhance business opportunities for large and small businesses and entrepreneurs. The “Live Where You Work” program will provide the City of Newark with an additional tool to promote homeownership, create better communities and stronger neighborhoods and support the city’s continued economic growth.”