About This Property
262 Shepherd Ave is a multifamily affordable housing property in Newark, NJ that was placed in service in 2005. The property participates in the 9% Low-Income Housing Tax Credit program and provides housing for families. It receives funding through the HOME program.
Waitlist Information
Waitlist managed by Newark Housing Authority
Applications are currently being accepted for all open low-income public housing waiting lists. Pre-applications are active for up to 18 months. Selection is based on date/time stamp, lottery position, preferences, development choice, and apartment size. The NHA may close the waiting list if it has enough applicants to fill projected vacancies for the next 24 months.
The Housing Choice Voucher Program waiting list is currently closed. No new applications are being accepted at this time.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Essex 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 | $1,379 |
| 1 Bedroom | $1,590 |
| 2 Bedroom | $1,916 |
| 3 Bedroom | $2,424 |
| 4 Bedroom | $2,800 |
Income Limits - Essex County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,550
- Very Low (50%)
- $37,600
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,800
- Very Low (50%)
- $43,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,200
- Very Low (50%)
- $53,700
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,800
- Very Low (50%)
- $58,000
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $62,300
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,600
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,900
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,550 | $37,600 | $55,950 |
| 2 Persons | $25,800 | $43,000 | $63,950 |
| 3 Persons | $29,000 | $48,350 | $71,950 |
| 4 Persons | $32,200 | $53,700 | $79,900 |
| 5 Persons | $34,800 | $58,000 | $86,300 |
| 6 Persons | $37,400 | $62,300 | $92,700 |
| 7 Persons | $40,120 | $66,600 | $99,100 |
| 8 Persons | $44,660 | $70,900 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Newark, NJ?+
The Fair Market Rent (FMR) for Essex County, NJ is: $1379 (Studio), $1590 (1BR), $1916 (2BR), $2424 (3BR), $2800 (4BR). Actual rent at subsidized properties like 262 Sherpard Ave is typically 30% of household income or less.
What are the income limits for affordable housing in Essex County, NJ?+
For a 4-person household in Essex County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,200, Very Low Income (50% AMI): $53,700, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Is there a waitlist for 262 Sherpard Ave?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages 262 Sherpard Ave?+
262 Sherpard Ave is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at 262 Sherpard Ave?+
262 Sherpard Ave primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at 262 Sherpard Ave?+
262 Sherpard Ave 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.
Contact Information
Location
Essex County, NJ
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