Article: New Smart Commute Initiative encourages homeownership near public transportation throughout New Jersey.

M2 PRESSWIRE-1 October 2004-Fannie Mae: New Smart Commute Initiative encourages homeownership near public transportation throughout New Jersey(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:09292004

RIVERSIDE, NJ - New Jersey home buyers now have a powerful financial incentive to purchase a home near public transportation. The New Jersey Statewide Smart CommuteTM Initiative gives prospective home buyers throughout the Garden State the opportunity to qualify for a mortgage with the help of savings that can be realized from using public transportation. Representatives from New Jersey Transit (NJ TRANSIT) today joined financial institutions and housing partners to ...

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