Low Income (LIHTC)

Chelsea Place

1700 Abbey Rd, Cherry Hill, NJ, 8003

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

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About This Property

Chelsea Place offers 72 units of affordable housing in Cherry Hill, New Jersey. The property has been in service since 1997 and is situated in Camden County. Interested applicants can contact the management office for information about availability and application procedures.

Property Details

Total Units

Fair Market Rent - Camden 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	$1,303
1 Bedroom	$1,451
2 Bedroom	$1,737
3 Bedroom	$2,100
4 Bedroom	$2,422

Income Limits - Camden County, NJ

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

1 Person

Extremely Low (30%): $19,850
Very Low (50%): $33,100
Low (80%): $52,950

2 Persons

Extremely Low (30%): $22,700
Very Low (50%): $37,800
Low (80%): $60,500

3 Persons

Extremely Low (30%): $25,550
Very Low (50%): $42,550
Low (80%): $68,050

4 Persons

Extremely Low (30%): $28,350
Very Low (50%): $47,250
Low (80%): $75,600

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $51,050
Low (80%): $81,650

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $54,850
Low (80%): $87,700

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $58,600
Low (80%): $93,750

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $62,400
Low (80%): $99,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$19,850	$33,100	$52,950
2 Persons	$22,700	$37,800	$60,500
3 Persons	$25,550	$42,550	$68,050
4 Persons	$28,350	$47,250	$75,600
5 Persons	$31,040	$51,050	$81,650
6 Persons	$35,580	$54,850	$87,700
7 Persons	$40,120	$58,600	$93,750
8 Persons	$44,660	$62,400	$99,800

Tax Credit Program Details

Year Placed in Service

1997

LIHTC Credit Type

Low-Income Units

0 / 72

Frequently Asked Questions

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

The Fair Market Rent (FMR) for Camden County, NJ is: $1303 (Studio), $1451 (1BR), $1737 (2BR), $2100 (3BR), $2422 (4BR). Actual rent at subsidized properties like Chelsea Place is typically 30% of household income or less.

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

For a 4-person household in Camden County, NJ, the income limits are: Extremely Low Income (30% AMI): $28,350, Very Low Income (50% AMI): $47,250, Low Income (80% AMI): $75,600. These limits are set by HUD and updated annually.

Who manages Chelsea Place?+

Chelsea Place is managed by . You can reach them at .

How do I apply for housing at Chelsea Place?+

Chelsea Place 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.

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