Decent Housing Horizon Village Program Description Horizon Village is an inner city development in Newark, which had seen little new housing construction since the riots of a generation ago. Exterior materials are durable and low maintenance.
Duplexes contribute to housing affordability.
Homebuyers become landlords, learn about property management, and have a second income source. Units must be rented to low-income families under certain income levels for 15 years. There are also constraints on profit for resale of the units and the income level of the buyers. Construction loans were provided from state, nonprofit, and commercial sources. Buyers could prequalify over the phone and were counseled through the mortgage process.