The pandemic housing market has been especially tough for homebuyers looking at the lower end of the price spectrum, so many are looking at alternative financing through land contracts, which can be particularly predatory. While it can be a potential path toward homeownership, assistant professor Eric Seymour says land contracts are particularly attractive for unscrupulous property dealers because rather than offering a property as a rental – which puts the property owner on the hook for maintenance and repairs – a land contract puts all the responsibilities on the buyer.
NJSPL Report: Analyzing the Use and Equity of ARPA Funds
Report Release: Analyzing the Use and Equity of ARPA Funds in NJ Local Governments and Beyond New Jersey State Policy Lab The American Rescue Plan Act’s Coronavirus State and Local Fiscal Recovery Funds (ARPA-SLFRF) represent a historic $350 billion investment to...