About This Property
Hopewell Gardens is a 150-unit affordable housing community in Pennington, New Jersey that was placed in service in 2006. The property is located in Mercer County and offers rental housing for income-qualified residents. Units are managed professionally to maintain the community.
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 #710 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.
How do I apply for housing at Hopewell Gardens #710?+
Hopewell Gardens #710 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 Hopewell Gardens #710?+
Hopewell Gardens #710 is managed by . You can reach them at .
Walk Score
Car-Dependent
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