Bergen County Real Estate News > May 2008 – week 1

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Redevelopment of housing in Bergen County
Municipal budget for Demarest
Bergen County residents save money
Good housing at Cliffside Park
Schools tighten rules in Dumont

Redevelopment of housing in Bergen County

Recent redevelopment of housing in Bergen County include a 77-unit rental building is all set to come up at Cliffside Park near Walker and Palisades Avenues. This complex is being designed by Daibes enterprises, which have a good track record of housing constructions. Their most recent construction has been the St. Moritz apartments, a 26 storey luxury housing option in Edgewater. The rental apartment which is about to be completed by the end of this year will offer apartments for rent at the rates of $2500 for two bedroom apartments and $1700 for one bedroom apartments. Besides this, the developer is also planning the redevelopment of Cliffside’s commercial district. Over the next two years, Daibes along with Raimondo, plan to bring in 200 to 300 apartments and approximately 50,000 sq ft of retail to the region.

Municipal budget for Demarest

The borough council of Demarest has now released its new budget for this year. This budget is worth $7.5 million and shows a hike of 2.5% from last year’s budget. As per the new budget, the local tax levy would raise the amount by 3.5% to make it $5,015,464. With these new rates, a home owner in Demarest whose house is assessed at an average of $670,000 would have to pay $78 more than last year in taxes. The main issues that have influenced this year’s municipal budget for Demarest are a reduction in the state aid worth $80,000, increase in utility costs worth $20,000 and increase in gasoline costs worth $5000. Other issues to have influenced the tax hike are increases in pension contributions and library costs worth $ 105,000 and $39,000 respectively.

Bergen County residents save money

Rebuilding Today Bergen County is the local affiliate of the country’s largest non profit organization that works for protecting affordable home ownership. In its latest efforts, members of the local affiliate in Bergen County gathered together and helped improve the quality of life of a local homeowner under the national initiative of Energy Efficient Homes. This initiative has been undertaken together by Rebuilding Together and America’s Natural Oil and Gas industry. The initiative promotes energy saving using energy efficient modifications like storm doors, new exterior doors, hot water heater insulation wrap and many other exterior and interior renovations. Under this initiative, members of the Bergen County chapter helped the local by reducing her energy usage and enabling her to save money.

Good housing at Cliffside Park

Cliffside Park in Bergen County is fast emerging as the housing location of choice for many people of the working class communities. Many housing developers have realized this too and homes and apartments are now coming up along the regions of Anderson Avenue, Gorge road and Palisades Avenue. Many people from the working class communities are opting for homes here as people get a great view, a good neighborhood and most importantly good homes at reasonable rates. Besides suitable housing options for the working class, Cliffside Park has its share of luxury housing on offer too. Luxury housing options include the Winston towers that have come up on the former site of the Palisades amusement park. Other options include the Briarcliff and many other condominiums and town houses.

Schools tighten rules in Dumont

School authorities in Dumont have tightened up their process as parents of students are now required to furnish more details about their children who go to Dumont schools. As per new guidelines, parents now need to provide more proof of their residency from September 1, 2008. Required papers include driver’s license of Bergen County photo ID, recent electricity or gas bills, phone, television or water bills, vehicle registration or bank statement and deed or mortgage documents. Also every student will now be required to re-register after every three years. Finally, the process has been centralized so that families would have to present documentation at the superintendent’s office for receiving a certificate of residency. This move has been put in place to enable Dumont officials to easily weed out students who are illegally enrolled in the schools here.

Buy a Home in Bergen County

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