
About This Property
This six-unit residential property in Paterson features six low-income units and has been in service since 1993. The property is non-profit owned and financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Paterson Housing Authority
Applicants must be citizens or eligible non-citizens, meet HUD's very low-income limits, and provide Social Security numbers for family members age 6 or older. Priority may be given to families with children, elderly, and disabled individuals.
The previous HCV waitlist opened from February 10-17, 2023, using a lottery system with preferences for grandparents with custodial rights of grandchildren and applicants living or working in Paterson. Priority may also be given to households with extremely low income, veterans, and those experiencing homelessness.
Waitlist data provided by section8waitlist.org
Updated August 18, 2026
Property Details
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.
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $57,700
- Extremely Low (30%)
- $26,250
- Very Low (50%)
- $43,800
- Low (80%)
- $65,950
- Extremely Low (30%)
- $29,550
- Very Low (50%)
- $49,250
- Low (80%)
- $74,200
- Extremely Low (30%)
- $32,800
- Very Low (50%)
- $54,700
- Low (80%)
- $82,400
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $59,100
- Low (80%)
- $89,000
- Extremely Low (30%)
- $38,050
- Very Low (50%)
- $63,500
- Low (80%)
- $95,600
- Extremely Low (30%)
- $40,700
- Very Low (50%)
- $67,850
- Low (80%)
- $102,200
- 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 |
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Tax Credit Program Details
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 39-41 North 3rd Street 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 39-41 North 3rd Street?+
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.
How do I apply for housing at 39-41 North 3rd Street?+
39-41 North 3rd Street 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 39-41 North 3rd Street?+
39-41 North 3rd Street is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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