39 Morris Avenue
SUMMIT – 2008
HQM Properties, Inc. partnered with Morris Habitat for Humanity, the city of Summit and the Summit Housing Authority to develop six for-sale 2-bedroom condominiums at 39 Morris Avenue. These homes have a 30-year deed restriction and offset the City of Summit’s state affordable housing obligation.
Unique Features: This was the first for-sale affordable housing development in the city of Summit and the first Inter-Faith build. Each congregation in town pledged funds toward the construction of the project and provided volunteer labor.
The total development cost for this project was $1,357,406 and was financed as follows:
County HOME funds $150,000
Habitat SHOP grant $42,000
City of Summit $530,000
Private church donations $242,375
Misc. private grants $43,031
Morris Habitat in kind donations $350,000