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HUD Housing Low Income Tax Credit (LIHTC) Properties In paterson city, NJ

Listed below are the Section 42, LIHTC apartments in paterson city, NJ. LIHTC apartment rents are not based on the tenants income. Income credit set aside brackets are selected during the apartment credit applications are used to determine the apartment rents.

The rents are based upon the Area Medium Income (AMI) and tenant based utility allowances. At least 20% of these apartments (listed below), must provide these low rates for low-income tenants.

HUD housing LIHTC Eligibility Requirements

Income: Households must earn below a certain income level, which is set by the HUD and varies by location. In general, households must earn below 60% of the area median income (AMI) to be eligible for LIHTC housing.
Citizenship or residency status: Households must be U.S. citizens or legal permanent residents.
Need for housing assistance: Households must have a demonstrated need for housing assistance. This means that they must be unable to afford housing on their own.

In addition to the above requirements, some LIHTC properties may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for LIHTC housing, you can contact your local housing authority (listed above) or search for LIHTC properties (listed below).

LIHTC Maximum Rents

The maximum allowable rents are equal to 30% of the Area Medium Income (AMI), less the utility allowances.

HUD Fair Market Rents for paterson city, NJ County

Available LIHTC Properties In paterson city, NJ

Using the table above you can estimate what you would be paying by checking the LIHTC Maximum Rent section.

Contact these properties for openings and wait lists and price lists.

Riverside Village Apartments Phase L

416- 462 Fifth Avenue
Paterson City, NJ - 07514
Total Apartment Units: 165
Total Apartment Low Income Apartments: 165

Riverside Village Senior Apartments Phase Ii

416- 462 Fifth Avenue
Paterson City, NJ - 07514
Total Apartment Units: 80
Total Apartment Low Income Apartments: 80

Paterson Shelter Plus Care Family Housing

2 Broadway Avenue
Paterson City, NJ - 07505
Total Apartment Units: 32
Total Apartment Low Income Apartments: 32
Years In Service Since: 1998

Greater Paterson Development, North Main Street

45 Garfield Avenue
Paterson City, NJ - 07509
Total Apartment Units: 70
Total Apartment Low Income Apartments: 70
Years In Service Since: 2000

Christopher Columbus Homes Ii

49 Sandy Court
Paterson City, NJ - 07522
Total Apartment Units: 36
Total Apartment Low Income Apartments: 36
Years In Service Since: 2001

Christopher Columbus Homes

1 Sandy Court
Paterson City, NJ - 07522
Total Apartment Units: 98
Total Apartment Low Income Apartments: 98
Years In Service Since: 2001

Acorn Straight Apartments

114-124 Straight Street
Paterson City, NJ - 07501
Total Apartment Units: 50
Total Apartment Low Income Apartments: 50
Years In Service Since: 2008

Alexander Hamilton Phase I

259-275 Alabama Avenue
Paterson City, NJ - 07513
Total Apartment Units: 80
Total Apartment Low Income Apartments: 80
Years In Service Since: 2011

Sojourner Douglass Homes

77 Pearl Street
Paterson City, NJ - 07501
Total Apartment Units: 20
Total Apartment Low Income Apartments: 20
Years In Service Since: 2012

Hamilton Square

20 Mill Street
Paterson City, NJ - 07501
Total Apartment Units: 68
Total Apartment Low Income Apartments: 68
1 Bedroom apartments 6
2 Bedroom apartments 55
3 Bedroom apartments 7
Years In Service Since: 2012

Belmont Towers

91 Belmont Avenue
Paterson City, NJ - 07522
Total Apartment Units: 42
Total Apartment Low Income Apartments: 42
Years In Service Since: 2012
Family Apartments: YES
Senior Apartments: YES
Disabled Apartments: YES

HUD Housing Section 8 and Multifamily Properties in paterson city, NJ

The US Department of Housing and Urban Development provides active listings of Section 8 and Multifamily apartments. We have listed them below for you to contact. Check with them to see if they have current availabilities and/or waiting lists. With Section 8 properties, you will need a voucher. Contact the County Public Housing Authorities, listed at the top of this page.

Eligibility for HUD Housing Section 8, you must meet the following requirements:

Income: Your income must be below a certain level, which is set by the HUD and varies by location. In general, households must earn below 50% of the area median income (AMI) to be eligible for Section 8 housing.
Citizenship or residency status: You must be a U.S. citizen or legal permanent resident.
Need for housing assistance: You must have a demonstrated need for housing assistance. This means that you must be unable to afford housing on your own.

In addition to the above requirements, some Section 8 programs may have additional eligibility requirements, such as age restrictions or preferences for certain types of households (e.g., families with children, veterans, etc.).

To determine if you are eligible for Section 8 housing, you can contact your local Public Housing Authority (listed above). The Public Housing Authorities can provide you with information on the application process and help you determine if you are eligible for Section 8 assistance.

Tips To Get In To Section 8 Housing:

Local Rules: Each local housing authority has different rules around Section 8. Decide where you want to live and find the housing authorities in charge of those neighborhoods.
Applying for a Voucher: Contact your local Public Housing Agency (PHA) to apply for a voucher. They can tell you if they’re currently accepting new applicants and provide application details.
Payment Standards: Section 8 doesn’t specify a fixed dollar amount for rent assistance. Instead, the PHA sets a payment standard based on local housing market rates.

Qualifying For HUD Housing Section 8 Vouchers In paterson city, NJ

HUD Housing eligibility is determined by the County Public Housing Authority.

HUD Income Limits 2024 in paterson city, NJ.