About This Property
Buena Terrace Apartments comprises 36 units of low-income housing in Buena Boro, New Jersey, within Atlantic County. The property was placed in service in 1990 and continues to serve residents seeking affordable rental options in the area.
Property Details
Fair Market Rent - Atlantic County, NJ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,172 |
| 1 Bedroom | $1,340 |
| 2 Bedroom | $1,670 |
| 3 Bedroom | $2,353 |
| 4 Bedroom | $2,584 |
Income Limits - Atlantic County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,500
- Very Low (50%)
- $29,100
- Low (80%)
- $46,550
- Extremely Low (30%)
- $20,000
- Very Low (50%)
- $33,250
- Low (80%)
- $53,200
- Extremely Low (30%)
- $22,500
- Very Low (50%)
- $37,400
- Low (80%)
- $59,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,550
- Low (80%)
- $66,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,900
- Low (80%)
- $71,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,200
- Low (80%)
- $77,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,550
- Low (80%)
- $82,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,850
- Low (80%)
- $87,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,500 | $29,100 | $46,550 |
| 2 Persons | $20,000 | $33,250 | $53,200 |
| 3 Persons | $22,500 | $37,400 | $59,850 |
| 4 Persons | $26,500 | $41,550 | $66,500 |
| 5 Persons | $31,040 | $44,900 | $71,850 |
| 6 Persons | $35,580 | $48,200 | $77,150 |
| 7 Persons | $40,120 | $51,550 | $82,500 |
| 8 Persons | $44,660 | $54,850 | $87,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Buena Boro, NJ?+
The Fair Market Rent (FMR) for Atlantic County, NJ is: $1172 (Studio), $1340 (1BR), $1670 (2BR), $2353 (3BR), $2584 (4BR). Actual rent at subsidized properties like Buena Terrace Apartments is typically 30% of household income or less.
What are the income limits for affordable housing in Atlantic County, NJ?+
For a 4-person household in Atlantic County, NJ, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,550, Low Income (80% AMI): $66,500. These limits are set by HUD and updated annually.
How do I apply for housing at Buena Terrace Apartments?+
Buena Terrace Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Buena Terrace Apartments?+
Buena Terrace Apartments is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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