Low Income (LIHTC)

Marina Bay Towers #506

608 New York Ave, North Wildwood, NJ, 8260

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

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About This Property

Marina Bay Towers #506 is a 141-unit affordable housing community in North Wildwood, NJ that was placed in service in 2012. The property offers housing options in Cape May County. Interested applicants can contact the property management for information regarding availability and lease terms.

Property Details

Total Units

141

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.

1 Person

Extremely Low (30%): $17,850
Very Low (50%): $29,750
Low (80%): $47,550

2 Persons

Extremely Low (30%): $20,400
Very Low (50%): $34,000
Low (80%): $54,350

3 Persons

Extremely Low (30%): $22,950
Very Low (50%): $38,250
Low (80%): $61,150

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $42,450
Low (80%): $67,900

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $45,850
Low (80%): $73,350

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $49,250
Low (80%): $78,800

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $52,650
Low (80%): $84,200

8 Persons

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

Year Placed in Service

2012

LIHTC Credit Type

Low-Income Units

0 / 141

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 #506 is typically 30% of household income or less.

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.

How do I apply for housing at Marina Bay Towers #506?+

Marina Bay Towers #506 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 Marina Bay Towers #506?+

Marina Bay Towers #506 is managed by . You can reach them at .

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