Status: Approved (as of Nov 28, 2023)
Expiry Date: Nov 28, 2026
FHA Concentration: 12.50%
Address: 2-10 OWEN CTFRANKLIN TWP, NJ 08873, ZIP 08873
Longitude/Latitude: -74.523648, 40.491002
Composition: PHASE 1, BLDG 9, 5 UNITS. 2,4,6,8,10 OWEN COURT - CAN EXPAND TO 50. FULL NAME: PROMENADE AT SOMERSET, A CONDOMINIUM. THE 10 AFFORDABLE UNITS - 6,16,26,45,48,60,69,70,71 & 72 OWEN AVE ARE NOT FHA-ELIGIBLE-RESTRICTIONS DO NOT END AT FORECLOSURE.
| Submission ID | Composition |
|---|---|
| p022540-001 | PHASE 1, BLDG 9, 5 UNITS. 2,4,6,8,10 OWEN COURT - CAN EXPAND TO 50. FULL NAME: PROMENADE AT SOMERSET, A CONDOMINIUM. THE 10 AFFORDABLE UNITS - 6,16,26,45,48,60,69,70,71 & 72 OWEN AVE ARE NOT FHA-ELIGIBLE-RESTRICTIONS DO NOT END AT FORECLOSURE. |
| p022540-002 | PHASE 9, BUILDING NO. 1, 6 UNITS - 66, 68, 70*, 72*, 74, 76 OWEN COURT *AFFORDABLE UNITS 70 & 72 ARE NOT FHA ELIGIBLE - RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE |
| p022540-003 | PHASE 2, BLDG 8, 5 UNITS, 12, 14, 16*, 18, 20 OWEN COURT *AFFORDABLE UNIT 16 IS NOT FHA ELIGIBLE - RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE* |
| p022540-004 | PHASE 7, BUILDING 2, 6 UNITS, #65, 67, 69*, 71*, 73, 75 OWEN COURT *AFFORDABLE UNITS 69 &71 ARE NOT FHA ELIGIBLE- RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE* |
| p022540-005 | Phase 3 – Bldg 7 – 4 units* Phase 8 – Bldg 4 – 5 units** Unit ID: *22-24, 28-30 (even) **54-58, 62-64 (even) Owen Ct. Affordable Housing - Units *26 & **60 ineligible for mortgage insurance |
| p022540-006 | PHASE 4, BUILDING 6 - 5 UNITS - 32, 34, 36, 38, 40 OWEN COURT |
| p022540-007 | Phase 6, Building 3, 6 units, 41-51 (odd) Owen Court Phase 5, Building 5, 6 units, 42-52 (even) Owen Court AFFORDABLE UNITS 45 & 48 OWEN COURT ARE NOT FHA ELIGIBLE - RESTRICTIONS DO NOT TERMINATE AT FORECLOSURE |
| Condominium Name | Street Address | Expiry Date | FHA% |
|---|---|---|---|
|
PROMENADE AT SOMERSET
Distance: 0.00 miles |
2-10 OWEN CTFRANKLIN TWP, NJ 08873 | Nov/2026 Status: Approved |
12.50% |
|
TRENDMAKER HOMES NORTH
Distance: 1.59 miles |
AIMWICK ST, BOLTON ST, MARLOWE ST, SOMERSET, NJ 08873 | Jul/2023 Status: Approved |
5.83% |
|
KINGSBERRY ACRES, A CONDO**
Distance: 2.04 miles |
1 KINGSBERRY DRIVE, SOMERSET, NJ 08873 | Apr/2023 Status: Approved |
20.58% |
|
GOVERNOR'S POINTE VILLAGE II**
Distance: 3.19 miles |
45 CLAY STREET, NORTH BRUNSWICK, NJ 08902 | Jan/2023 Status: Approved |
7.55% |
|
THE OAKS AT NORTH BRUNSWICK
Distance: 3.23 miles |
417 N OAKS BLVDNORTH BRUNSWICK, NJ 08902 | Jul/2025 Status: Approved |
2.55% |
|
HEARTHWOOD @ NO. BRUNSWICK
Distance: 3.50 miles |
3601 BIRCHWOOD CT, NORTH BRUNSWICK, NJ 08902 | Mar/2023 Status: Approved |
6.55% |
|
SOCIETY HILL NORTH
Distance: 3.60 miles |
1 SOCIETY WAY, NORTH BRUNSWICK, NJ 08902 | May/2024 Status: Approved |
11.51% |
|
SOCIETY HILL AT SOMERSET III**
Distance: 3.96 miles |
2 BETHANY CT, FRANKLIN PARK, NJ 08823 | Mar/2024 Status: Approved |
15.15% |
|
BEACON HILL AT SOMERSET CONDO*
Distance: 4.16 miles |
AMETHYST WAY, FRANKLIN PARK, NJ 08823 | Nov/2022 Status: Approved |
5.27% |
|
THE 556-558 VOORHEES AVE CONDO
Distance: 5.74 miles |
556 VOORHEES AVE, MIDDLESEX, NJ 08846 | Oct/2022 Status: Approved |
50.00% |