Low Income (LIHTC)Waitlist Open

540 Broad

540 Broad St, Newark, NJ, 7102

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

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About This Property

540 Broad is a 263-unit residential property in Newark, NJ that includes 52 low-income units. The property is managed for mixed-income housing in Essex County. Interested parties can contact the property management for leasing information and unit availability.

Waitlist Information

Waitlist managed by Newark Housing Authority

Public Housing Waitlist

Open

Apply: Online

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.

Last verified March 26, 2026

Section 8 (HCV) Waitlist

Closed

The Housing Choice Voucher Program waiting list is currently closed. No new applications are being accepted at this time.

Last verified February 17, 2026

Waitlist data provided by section8waitlist.org

Updated April 18, 2026

Property Details

Total Units

263

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.

1 Person

Extremely Low (30%): $22,550
Very Low (50%): $37,600
Low (80%): $55,950

2 Persons

Extremely Low (30%): $25,800
Very Low (50%): $43,000
Low (80%): $63,950

3 Persons

Extremely Low (30%): $29,000
Very Low (50%): $48,350
Low (80%): $71,950

4 Persons

Extremely Low (30%): $32,200
Very Low (50%): $53,700
Low (80%): $79,900

5 Persons

Extremely Low (30%): $34,800
Very Low (50%): $58,000
Low (80%): $86,300

6 Persons

Extremely Low (30%): $37,400
Very Low (50%): $62,300
Low (80%): $92,700

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $66,600
Low (80%): $99,100

8 Persons

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

Year Placed in Service

9999

Low-Income Units

52 / 263

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 540 Broad 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.

How do I apply for housing at 540 Broad?+

540 Broad 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.

Is there a waitlist for 540 Broad?+

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 540 Broad?+

540 Broad is managed by . You can reach them at . Visit their website for more information.

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