Low Income (LIHTC)Waitlist Closed

Riverside Village Apartments Phase L

416 5th Ave, Paterson, NJ, 7514

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

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About This Property

Riverside Village Apartments Phase L comprises 165 low-income residential units in Paterson City, New Jersey. The property serves households meeting income eligibility requirements in Passaic County. Interested parties may contact the property management for information regarding availability and lease terms.

Waitlist Information

Waitlist managed by Paterson Housing Authority

Public Housing Waitlist

Closed

The website mentions a 'Riverside Wait List April 2024' and 'Mill Street Square Family Apartments - Wait List opened until February 12, 2023'. This indicates specific property waitlists, but no general Public Housing waitlist status is provided.

Last verified July 17, 2026

Section 8 (HCV) Waitlist

Closed

Admission preferences are given to residents who live and/or work in the City of Paterson. The deciding factor for admission, if everything else is equal, will be the date and time of receiving the application and/or through a controlled lottery system. Extensions are given on a standard 60-day period to search for a unit.

Last verified August 14, 2026

Waitlist data provided by section8waitlist.org

Updated August 17, 2026

Property Details

Total Units

165

Fair Market Rent - Passaic 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	$1,400
1 Bedroom	$1,645
2 Bedroom	$1,892
3 Bedroom	$2,342
4 Bedroom	$2,946

Income Limits - Passaic County, NJ

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

1 Person

Extremely Low (30%): $23,000
Very Low (50%): $38,300
Low (80%): $57,700

2 Persons

Extremely Low (30%): $26,250
Very Low (50%): $43,800
Low (80%): $65,950

3 Persons

Extremely Low (30%): $29,550
Very Low (50%): $49,250
Low (80%): $74,200

4 Persons

Extremely Low (30%): $32,800
Very Low (50%): $54,700
Low (80%): $82,400

5 Persons

Extremely Low (30%): $35,450
Very Low (50%): $59,100
Low (80%): $89,000

6 Persons

Extremely Low (30%): $38,050
Very Low (50%): $63,500
Low (80%): $95,600

7 Persons

Extremely Low (30%): $40,700
Very Low (50%): $67,850
Low (80%): $102,200

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $72,250
Low (80%): $108,800

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$23,000	$38,300	$57,700
2 Persons	$26,250	$43,800	$65,950
3 Persons	$29,550	$49,250	$74,200
4 Persons	$32,800	$54,700	$82,400
5 Persons	$35,450	$59,100	$89,000
6 Persons	$38,050	$63,500	$95,600
7 Persons	$40,700	$67,850	$102,200
8 Persons	$44,660	$72,250	$108,800

Tax Credit Program Details

Year Placed in Service

9999

Low-Income Units

165 / 165

Frequently Asked Questions

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

The Fair Market Rent (FMR) for Passaic County, NJ is: $1400 (Studio), $1645 (1BR), $1892 (2BR), $2342 (3BR), $2946 (4BR). Actual rent at subsidized properties like Riverside Village Apartments Phase L is typically 30% of household income or less.

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

For a 4-person household in Passaic County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,800, Very Low Income (50% AMI): $54,700, Low Income (80% AMI): $82,400. These limits are set by HUD and updated annually.

Is there a waitlist for Riverside Village Apartments Phase L?+

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 Riverside Village Apartments Phase L?+

Riverside Village Apartments Phase L is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Riverside Village Apartments Phase L?+

Riverside Village Apartments Phase L 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.

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