43 & 47 Martin Luther King Avenue

Martin Luther King Avenue
Martin Luther King Avenue

Project Address: 43 & 47 Martin Luther King Avenue, Morristown
Build plan: to be completed 2017 – “Women Build

Type:

  • 10 condominiums
  • New construction
  • 3 bedrooms in 5 units and 2 bedrooms in 5 units

Families: 

Janet Adu Gyamfi, with 4 children, is a home health aide.

Tracey Downey, with 2 children, is an administrative assistant for a telecom company.

Carol Wilfong, with 2 children, works in client services for an insurance company.

Marisol Santos, with 2 children, is a clerk in a county office.

Rudy DeLeon and Elsa Garcia have 2 sons ages 20 and 8.  Rudy is a custodian at a retirement center and also works part time at a hospital. Elsa works full time at the same hospital.

Cesar and Elizabeth Torres have 1 child. Cesar is sexton of a church and Elizabeth is a pre-school aide.

Edgar Rivera and Nubia Borda have a 20-year-old daughter. Edgar is support staff for an organization for the disabled and Nubia is a social worker and family advocate.

Julio DeLeon and Raquel Garcia have 2 children. Julio and Raquel are both custodians at a local hospital.

Juanico Cedano and Daysi Rondon have a 21-year-old daughter. Juanico and Daysi are both custodians at a local hospital.

Moyses Ramirez and Ivette Amaya have 1 child and are both veterans. A Marine Corps defense specialist, Moyses served in Afghanistan and Japan before being honorably discharged in 2012. He works for a company developing corporate training materials. Ivette joined the Marine Corps in 2010 as a Supply and Operations Specialist and was deployed to Bahrain in 2013 in support of Operation New Hope. She was honorably discharged in 2014 and is a full-time college student.

Morris Habitat plans to complete 10 affordable condos in two buildings on Martin Luther King Avenue in Morristown. These 2- and 3-bedroom homes will have from 1 to 2.5 bathrooms each, be energy-efficient and feature Energy Star certified appliances. Additionally, each unit will have a basement storage area. Some first floor units are handicap accessible/adaptable.

The 2-bedroom units will sell for $155,000 and the 3-bedroom units will sell for $170,000. Affordable 30-year fixed-rate mortgages will be held by Morris Habitat. The homes will have a 30-year deed restriction that allows modest equity upon resale, but mandates that they be sold at an affordable price to other income-eligible families. Prospective homeowners, selected by lottery in early November 2016, will contribute a minimum of 300 hours of sweat equity.

On this project, we are collaborating with the Build It Forward Foundation. This group of non-profit housing developers will take the lead on finishing the units, using more professionals than we typically do but using volunteers as well. Both organizations will work together to raise funds and in-kind donation of materials and services.

Funding includes sponsorships from M&T BankPSE&G,  Stolar Capital, Vertical Realty Capital and the Town of Morristown.

Pro bono professional services have been contributed by attorneys Sean Monaghan, Esq., and James P. Mullen, Esq.; engineer PBA Engineering, P.C.; surveyor Stewart Surveying & Engineering, LLC; architects Geoff Gogan and Seth Leeb; appraiser Property Research Associates, Inc. and environmental consultant Eikon Planning and Design, LLC.

In fall 2016, we purchased the property already under construction. After a groundbreaking ceremony in December 2016, work began in January 2017 to complete the interiors of the condos. A dedication ceremony was held in November. Women volunteers helped complete last-minute details during a Women Build day in December.

The families will be able to move in during December 2017 and January 2018.

Carol Wilfong’s Story. 3 minutes 48 seconds

Corporate Partners Bayer and Vertical Realty Capital. 2 minutes 52 seconds

Home dedication, November 2017.
41 seconds.