About This Property
Park Ave At Florham Pk offers 65 low-income residential units in Florham Park, New Jersey. The property, which has been in service since 1993, is financed through 9% Low-Income Housing Tax Credits. Morris County residents seeking affordable housing options can contact the property management for more information about availability and eligibility requirements.
Property Details
Fair Market Rent - Morris 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 - Morris 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 Florham Park, NJ?+
The Fair Market Rent (FMR) for Morris County, NJ is: $1379 (Studio), $1590 (1BR), $1916 (2BR), $2424 (3BR), $2800 (4BR). Actual rent at subsidized properties like Park Ave At Florham Pk is typically 30% of household income or less.
What are the income limits for affordable housing in Morris County, NJ?+
For a 4-person household in Morris 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 Park Ave At Florham Pk?+
Park Ave At Florham Pk 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.
Who manages Park Ave At Florham Pk?+
Park Ave At Florham Pk is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Morris County, NJ
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