About This Property
Marina Bay Towers contains 141 one-bedroom units designated as low-income housing in North Wildwood City, NJ. The property has been in service since 2012 and is situated in Cape May County.
Property Details
Fair Market Rent - Cape May 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 | $1,107 |
| 1 Bedroom | $1,194 |
| 2 Bedroom | $1,569 |
| 3 Bedroom | $1,973 |
| 4 Bedroom | $2,090 |
Income Limits - Cape May County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,550
- Extremely Low (30%)
- $20,400
- Very Low (50%)
- $34,000
- Low (80%)
- $54,350
- Extremely Low (30%)
- $22,950
- Very Low (50%)
- $38,250
- Low (80%)
- $61,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,450
- Low (80%)
- $67,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,850
- Low (80%)
- $73,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,250
- Low (80%)
- $78,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,650
- Low (80%)
- $84,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,050
- Low (80%)
- $89,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,850 | $29,750 | $47,550 |
| 2 Persons | $20,400 | $34,000 | $54,350 |
| 3 Persons | $22,950 | $38,250 | $61,150 |
| 4 Persons | $26,500 | $42,450 | $67,900 |
| 5 Persons | $31,040 | $45,850 | $73,350 |
| 6 Persons | $35,580 | $49,250 | $78,800 |
| 7 Persons | $40,120 | $52,650 | $84,200 |
| 8 Persons | $44,660 | $56,050 | $89,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in North Wildwood, NJ?+
The Fair Market Rent (FMR) for Cape May County, NJ is: $1107 (Studio), $1194 (1BR), $1569 (2BR), $1973 (3BR), $2090 (4BR). Actual rent at subsidized properties like Marina Bay Towers is typically 30% of household income or less.
What size apartments are available at Marina Bay Towers?+
Marina Bay Towers offers the following unit types: 141 One-Bedroom units, for a total of 141 units.
What is the price range for apartments in North Wildwood, NJ?+
Based on Fair Market Rent for Cape May County, the estimated price range is: 1-bedroom: $1194. Actual rent at Marina Bay Towers may be lower for income-eligible households.
How do I apply for housing at Marina Bay Towers?+
Marina Bay Towers is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.
What are the income limits for affordable housing in Cape May County, NJ?+
For a 4-person household in Cape May County, NJ, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,450, Low Income (80% AMI): $67,900. These limits are set by HUD and updated annually.
Who manages Marina Bay Towers?+
Marina Bay Towers is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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