About This Property
Paterson Hope 98 Urban Renewal offers 109 low-income units across a mix of one-, two-, and three-bedroom apartments in Paterson, New Jersey. The development includes 48 one-bedroom, 22 two-bedroom, and 39 three-bedroom units and has been in service since 2012. This property is managed by the Passaic County housing authority and serves residents in the Paterson area.
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 Paterson Hope 98 Urban Renewal is typically 30% of household income or less.
What size apartments are available at Paterson Hope 98 Urban Renewal?+
Paterson Hope 98 Urban Renewal offers the following unit types: 48 One-Bedroom, 22 Two-Bedroom, 39 Three-Bedroom units, for a total of 109 units.
Who manages Paterson Hope 98 Urban Renewal?+
Paterson Hope 98 Urban Renewal is managed by . You can reach them at .
Is there a waitlist for Paterson Hope 98 Urban Renewal?+
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.
What is the price range for apartments in Paterson, NJ?+
Based on Fair Market Rent for Passaic County, the estimated price range is: 1-bedroom: $1645, 2-bedroom: $1892, 3-bedroom: $2342. Actual rent at Paterson Hope 98 Urban Renewal may be lower for income-eligible households.
How do I apply for housing at Paterson Hope 98 Urban Renewal?+
Paterson Hope 98 Urban Renewal 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.
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.
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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