Chelsea-Wide Open House to Highlight Great Real Estate Deals and Grants on Saturday

For Immediate Release                                                                         Contact:  Elizabeth Terenik, 609-425-9207

November 11, 2019:  Over twenty properties at various prices will be available to tour in the Chelsea neighborhood for Atlantic City during a Neighborhood-Wide Open House on Saturday, November 16th from 11:00 a.m. to 1:00 p.m. The list of homes, including a map of the properties color coded by price range, can be found on www.Chelsea-EDC.org. New homes are being added daily. 

There will be information at each of the homes regarding the down payment assistance and first time homebuyer programs.  The New Jersey Housing and Mortgage Finance Agency $10,000 grant allows income levels up to $140,000 per household.  The County’s program offers up to $30,000 loan with no payments until the home is sold.  These programs can make the difference in getting home buyers to qualify for the home they want, and could even make home ownership less costly than renting. 

Starting at 10:30 a.m. on the 16th, printed maps and refreshments will be available the parking lot at Hartford Avenue and the beach (address is 3701 Boardwalk).

The neighborhood wide open house is a collaboration of the newly formed Chelsea Economic Development Corporation, along with local realtors and major neighborhood institutions Stockton University, South Jersey Gas, AtlantiCare and ACDevco.  The goal is to change people’s perception by showing all that Chelsea has to offer, including attractive real estate deals. Over the summer, employees of Stockton, SJ Gas and AtlantiCare expressed interest and have been taking steps to learn about the housing choices in Chelsea.  The Open House is another effort to encourage home buying for those that work in the neighborhood and the City.  Just as important is the goal to transform City renters in home owners, a strategy that has proven to change neighborhoods by providing more stability to the neighborhood and wealth to its residents.

“Supporting the communities where we live and work has always been a priority for South Jersey Gas,” said Dave Robbins, president South Jersey Gas. “Now, with hundreds of employees working in Atlantic City, we have the opportunity to take this a step further -- educating them on the wonderful opportunities available for homeowners in the city and the positive economic impact they can have by joining this growing neighborhood.”

ACDevco President Chris Paladino, is witnessing how an increased population and home ownership is changing New Brunswick to be more safe, with new restaurants and cultural amenities, including Devco’s new $200 million Performing Arts Center.  Paladino stated “we support the efforts by the Chelsea EDC, which will continue to spark energy and excitement into the Chelsea neighborhood by leveraging ACDevco’s Gateway project opened in 2018.”

Participants may independently visit any or all of the open houses.  If you work in Atlantic City, ask your employer to get together a group of employees and provide jitney transport to tour the homes.  For more information, contact Elizabeth Terenik at ETerenik@Chelsea-EDC.org

 

About the Chelsea EDC 

The Chelsea Economic Development Corporation (Chelsea EDC) is a newly formed non-profit organization focused on expanding economic opportunity and improving quality of life in the Chelsea neighborhood of Atlantic City.  Over the winter of 2019-2020, the Chelsea EDC will be leading a community planning effort, which is required to apply for grant funding for projects in the neighborhood.

 

Schedules

  • Occurred Saturday, November 16th, 2019 @ 10:30 am – 1:00 pm

Venue

Parking Lot

3701 Boardwalk
Atlantic City, NJ 08401

Contact

Elizabeth Terenik

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