75 Park Avenue Newark, NJ 07104 973-482-8312
fostering self-sufficiency, empowerment
and neighborhood revitalization since 1972

Affordable Housing & Economic Development

Since 1988, La Casa has built and sold more than 150 units of affordable housing, providing homeownership and rental income opportunities to 100 families.

All real estate development work is performed by La Casa’s development arm, Don Pedro Development Corporation [DPDC].  DPDC is a separate 501c3 that is staffed by project management experts in the Community and Economic Development Division.  La Casa and DPDC determines its work in affordable housing based on community needs defined in planning efforts, current interests, and available resources.  DPDC also partners with community development organizations and developers to provide technical assistance and project management expertise.

Completed Housing and Real Estate Development Projects

Year Project Cost
2009 Dr. Martin Luther King Jr. Homes

New construction of eleven homes, three single family and eight two-family on MLK Blvd. and Summer Avenue in Lower Broadway.  Total of 19 units.

Sold to low and moderate income families.

Average per home subsidy: $192,000, by HMFA CHOICE, City of Newark       HOME, Federal Home Loan Bank of NY AHP.

Sales Prices: $106,025 one family – $194,000 two family.

$3,800,000
2008 80-82 Stone Street

17 one-bedroom apartment rehabilitation for moderate income individuals.

Average per-unit subsidy: $8,800

Rental Prices: $725-800/month

$1,800,000
2004 First Street Early Childhood Education Center

14,000 square foot flagship community facility for La Casa and model for the evolving early childhood educational community within Newark and throughout the state of New Jersey.

$3,350,000
2003 95 Mt. Prospect Avenue Rehabilitation Project

Rehabilitation of one two-family home

$202,987
2002 Stone Street Homes

New construction of 9 detached two-family homes.  Two and Three bedrooms on Stone Street and Summer Avenue.

Sales Price: $147,000

$1,792,000
2001 39 Broadway Community Center

Home of La Casa’s Personal Development Division & Early Childhood Education Center.  Facility includes computer lab, Hispanic Women’s Resource Center, WorkFirst activities, credit union, early childhood development classrooms, and community space for ESL and other class offerings.

$1,500,000
2001 Mt. Prospect Heights Townhomes

New construction of 14 two family homes on Mt. Prospect Avenue designated for moderate-income households.  Homeowner unit: 3 BR with 1 BR rental unit

Average per unit subsidy: $50,000

Sales Price: $141,000

$2,677,000
1999 206 & 208 Garside Avenue Rehabilitation Project

Rehabilitation of two one-family homes.

Sales Price: $100,000

$200,000
1998 Webster/North 6th Street Two-Family Housing Project

New construction of 7 two-family detached homes on Webster Street and N. 6th Street, three bedrooms each with a one-bedroom rental unit for low/moderate income families.

Average per unit subsidy: $40,000

Sales Price: $105,000

$1,232,000
1996 Davenport Avenue Two-Family Housing Project

New construction of 6 two-family detached homes, three bedrooms each with a one-bedroom rental unit for low/moderate income families.

Average per unit subsidy: $40,000

Sales Price: $105,000

$1,171,000
1990 Villa Santa Maria Condominiums Project

New construction of 39 attached townhomes on Broadway & Kearny Streets for low-income families.

Average per unit subsidy: $44,000

Sales Prices: Three BR Units: $28,100, Four BR Units: $41,000

$3,000,000
1988 Mt. Prospect Gardens Condominiums Project

Rehabilitation/conversion of a vacant industrial manufacturing building on Mt. Prospect Avenue and Garside Street into 7 residential units sold to moderate income families.

Average per unit subsidy: $20,000

Sales Prices: One BR Unit: $37,000, Three BR Unit: $53,000

$500,000
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