Low Income (LIHTC)

Franklin Street Villas

187 Walnut St, Northvale, NJ, 7647

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Franklin Street Villas offers 30 residential units in Northvale, NJ, with 29 designated as low-income housing. The property has been in service since 2016 and serves Bergen County residents. Interested applicants can contact the management for availability and application information.

Property Details

Total Units

Fair Market Rent - Bergen 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	$1,400
1 Bedroom	$1,645
2 Bedroom	$1,892
3 Bedroom	$2,342
4 Bedroom	$2,946

Income Limits - Bergen County, NJ

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $23,000
Very Low (50%): $38,300
Low (80%): $57,700

2 Persons

Extremely Low (30%): $26,250
Very Low (50%): $43,800
Low (80%): $65,950

3 Persons

Extremely Low (30%): $29,550
Very Low (50%): $49,250
Low (80%): $74,200

4 Persons

Extremely Low (30%): $32,800
Very Low (50%): $54,700
Low (80%): $82,400

5 Persons

Extremely Low (30%): $35,450
Very Low (50%): $59,100
Low (80%): $89,000

6 Persons

Extremely Low (30%): $38,050
Very Low (50%): $63,500
Low (80%): $95,600

7 Persons

Extremely Low (30%): $40,700
Very Low (50%): $67,850
Low (80%): $102,200

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $72,250
Low (80%): $108,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$23,000	$38,300	$57,700
2 Persons	$26,250	$43,800	$65,950
3 Persons	$29,550	$49,250	$74,200
4 Persons	$32,800	$54,700	$82,400
5 Persons	$35,450	$59,100	$89,000
6 Persons	$38,050	$63,500	$95,600
7 Persons	$40,700	$67,850	$102,200
8 Persons	$44,660	$72,250	$108,800

Tax Credit Program Details

Year Placed in Service

2016

Low-Income Units

29 / 30

Frequently Asked Questions

What is the average rent for affordable housing in Northvale, NJ?+

The Fair Market Rent (FMR) for Bergen County, NJ is: $1400 (Studio), $1645 (1BR), $1892 (2BR), $2342 (3BR), $2946 (4BR). Actual rent at subsidized properties like Franklin Street Villas is typically 30% of household income or less.

What are the income limits for affordable housing in Bergen County, NJ?+

For a 4-person household in Bergen County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,800, Very Low Income (50% AMI): $54,700, Low Income (80% AMI): $82,400. These limits are set by HUD and updated annually.

How do I apply for housing at Franklin Street Villas?+

Franklin Street Villas 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 Franklin Street Villas?+

Franklin Street Villas is managed by . You can reach them at .

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