Low Income (LIHTC)Waitlist Closed

West Lake Senior Apartments #702

1609 W Lake Ave, Neptune, NJ, 7753

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

West Lake Senior Apartments #702 is a 42-unit affordable housing community in Neptune, NJ that began operations in 2012. The property serves seniors and is located in Monmouth County. Interested parties can contact the property management for additional information about availability and lease terms.

Waitlist Information

Waitlist managed by Neptune Housing Authority

Public Housing Waitlist

Closed

Apply: Online

Preferences are for elderly (62 or older) or disabled single or two-member households based on very low-income limits; applications were selected through a random lottery process.

Last verified February 18, 2026

Section 8 (HCV) Waitlist

Closed

Apply: Online

Preferences are for elderly, disabled, single member households and families based upon very low-income limits; applications were accepted until 150 spots were filled.

Last verified March 12, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units

Fair Market Rent - Monmouth 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	$1,385
1 Bedroom	$1,546
2 Bedroom	$1,916
3 Bedroom	$2,604
4 Bedroom	$2,904

Income Limits - Monmouth County, NJ

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $22,900
Very Low (50%): $38,150
Low (80%): $55,950

2 Persons

Extremely Low (30%): $26,150
Very Low (50%): $43,600
Low (80%): $63,950

3 Persons

Extremely Low (30%): $29,400
Very Low (50%): $49,050
Low (80%): $71,950

4 Persons

Extremely Low (30%): $32,650
Very Low (50%): $54,450
Low (80%): $79,900

5 Persons

Extremely Low (30%): $35,300
Very Low (50%): $58,850
Low (80%): $86,300

6 Persons

Extremely Low (30%): $37,900
Very Low (50%): $63,200
Low (80%): $92,700

7 Persons

Extremely Low (30%): $40,500
Very Low (50%): $67,550
Low (80%): $99,100

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $71,900
Low (80%): $105,500

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$22,900	$38,150	$55,950
2 Persons	$26,150	$43,600	$63,950
3 Persons	$29,400	$49,050	$71,950
4 Persons	$32,650	$54,450	$79,900
5 Persons	$35,300	$58,850	$86,300
6 Persons	$37,900	$63,200	$92,700
7 Persons	$40,500	$67,550	$99,100
8 Persons	$44,660	$71,900	$105,500

Tax Credit Program Details

Year Placed in Service

2012

LIHTC Credit Type

Low-Income Units

0 / 42

Designations

Qualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Neptune, NJ?+

The Fair Market Rent (FMR) for Monmouth County, NJ is: $1385 (Studio), $1546 (1BR), $1916 (2BR), $2604 (3BR), $2904 (4BR). Actual rent at subsidized properties like West Lake Senior Apartments #702 is typically 30% of household income or less.

What are the income limits for affordable housing in Monmouth County, NJ?+

For a 4-person household in Monmouth County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,650, Very Low Income (50% AMI): $54,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.

Is there a waitlist for West Lake Senior Apartments #702?+

Public Housing waitlist is currently Closed. 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 West Lake Senior Apartments #702?+

West Lake Senior Apartments #702 is managed by . You can reach them at .

How do I apply for housing at West Lake Senior Apartments #702?+

West Lake Senior Apartments #702 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.

Begin Application Now