Housing developers meet with community members.

Affordable Housing Developers (AHD) recently held a seminar for Union community leaders to answer questions concerning the purchaser-qualifying process for the new Lenox Meadows development.

The forum was one element in a continuing educational program that AHD provides as part of its development process.

"AHD recognizes that to the inexperienced affordable housing qualification standards can be confusing," said Leonard Solondz, president of AHD. "We're dedicated to making the process clear and accessible. This is why we emphasize education as a part of the development process."

Leaders from the Community Action Organization and a local church joined AHD executives to discuss how people can qualify for one of the 59 Lenox Meadows affordable homes.

"Some people feel intimidated by the qualifying process -- we're here to assist, and guide them appropriately," said Solondz. "We weren't mandated. to conduct the seminar, but we believed it was the best way to keep the community well-informed about the qualifying process".

Early last week, after extensive talks, the New Jersey Home Mortgage Finance Agency (HMFA) informed AHD that funds are available for potential Lenox Meadows homebuyers. AHD is also pursuing Community Reinvestment financing with First Fidelity Bank and Chemical Bank.

Through HMFA, buyers who are unable to place a downpayment on the home can receive 100 percent financing including closing costs. HMFA is also offering the "3,2,1 Plan" that calls for buyers to make a 3 percent down payment -- 2 percent of that figure can be a financial gift from a family member or friend and 1 percent is to be paid by the buyer. Private Mortgage Insurance (PMI) is not required by HMFA, and the application fee is modest.