Piazza & Associates

Policies & Procedures

Covid-19 Policies

COVID-19 TEMPORARY POLICY CHANGES LAST UPDATED MAY 21, 2020 Like everyone, we are adapting to the new reality presented by COVID-19. Here are the current changes to our policies and procedures. I am sure that there will be more in the days and weeks to come. Our...

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Resale Process: An Outline

Process for Selling an Affordable Home (Outline) Our organization coordinates certain aspects of the sales process for affordable homes on behalf of your municipalities. We are not real estate agents, however, and recommend that Sellers use of a qualified real estate...

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Financing an Affordable Home

Financing an Affordable Home We do not provide financing for affordable homes. It is up to each applicant to arrange for their own financing. IMPORTANT NOTE ABOUT FINANCING: When purchasing an affordable home, the Regulations now require that, if the estimated monthly...

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Affordable Housing Covenants or Restrictions

An Outline of Affordable Housing Covenants for Sales Units If you are interested in owning an affordable home, your should familiarize yourself with these covenants or restrictions that all owners must adhere to. A. The property may be conveyed only to a household who...

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Application Policies and Procedures

OPERATING POLICIES AND PROCEDURES Piazza & Associates, Inc. is an independent Administrative Agent foraffordable housing services, working on behalf of properties and municipalities throughout the State of New Jersey, that provide affordable housing opportunities...

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Real Estate Professional

Professional help for Sellers of Affordable Homes Piazza & Associates, Inc. does not provide legal or real estate services, and we recommend that sellers be represented by an attorney in any real estate transaction. We have also found that licensed real estate...

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New Marketing Tool for Sales Units

Sale Properties to be listed on New Jersey Housing Resource Center The New Jersey Department of Community Affairs, the New Jersey Department of Human Services and the New Jersey Housing and Mortgage Finance Agency (HMFA) have teamed up with a national non-profit...

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Update of Policies and Procedures

IMPORTANT POLICY UPDATE... We recently updated our policies and procedures. Here is a list of items which were modified: Right to Use Federal Guidelines: We do our best to describe the regulations and policies that govern the determination of household membership and...

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Program Rules

Financing an Affordable Home We do not provide financing for affordable homes. It is up to each applicant to arrange for their own financing. IMPORTANT NOTE ABOUT FINANCING: When purchasing an affordable home, the Regulations now require that, if the estimated monthly...

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Asset Limits for COAH properties

Limits on Assets Adopted by COAH 2020 Counting Income from Assets: When calculating income to qualify households for affordable housing, assets are typically counted to the degree to which they generate income (e.g., the interest you earn on a savings account). Under...

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Application Policies Revised

Applications for Affordable Housing can be withdrawn for the following reasons: The application is not signed or submitted on time; The applicant's sources of income or household composition changes after the submission of the final application, but before approval;...

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Random Selection

All Waiting Lists are subject to Random Selection: At the start of a project; Periodically while the list is held by us; Or when a unit is available. The term, "Random Selection," is used to describe the process by which we establish the priority order of applicants...

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Waiting Lists Closure Policy

Each property or municipality has a "Waiting List," or list of applicants who are "prequalified" on the basis of our review of a preliminary application. Since the determination to place someone on a waiting list is based on information that has not been verified, we...

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