About This Property
Hopewell Gardens is a 150-unit affordable housing community in Pennington, New Jersey, that has been in service since 2006. The property serves residents in Mercer County and offers rental housing options for qualified applicants. Interested parties can contact the property management for information about availability and application procedures.
Property Details
Fair Market Rent - Mercer 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 | $1,354 |
| 1 Bedroom | $1,550 |
| 2 Bedroom | $1,998 |
| 3 Bedroom | $2,416 |
| 4 Bedroom | $2,661 |
Income Limits - Mercer County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,450
- Very Low (50%)
- $37,400
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,650
- Very Low (50%)
- $42,750
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,850
- Very Low (50%)
- $48,100
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,050
- Very Low (50%)
- $53,400
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $57,700
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,200
- Very Low (50%)
- $61,950
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,250
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,500
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,450 | $37,400 | $55,950 |
| 2 Persons | $25,650 | $42,750 | $63,950 |
| 3 Persons | $28,850 | $48,100 | $71,950 |
| 4 Persons | $32,050 | $53,400 | $79,900 |
| 5 Persons | $34,650 | $57,700 | $86,300 |
| 6 Persons | $37,200 | $61,950 | $92,700 |
| 7 Persons | $40,120 | $66,250 | $99,100 |
| 8 Persons | $44,660 | $70,500 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pennington, NJ?+
The Fair Market Rent (FMR) for Mercer County, NJ is: $1354 (Studio), $1550 (1BR), $1998 (2BR), $2416 (3BR), $2661 (4BR). Actual rent at subsidized properties like Hopewell Gardens is typically 30% of household income or less.
What are the income limits for affordable housing in Mercer County, NJ?+
For a 4-person household in Mercer County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,050, Very Low Income (50% AMI): $53,400, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Hopewell Gardens?+
Hopewell Gardens is managed by . You can reach them at .
How do I apply for housing at Hopewell Gardens?+
Hopewell Gardens 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.
Walk Score
Car-Dependent
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