Low Income (LIHTC)Waitlist Closed

Riverside Village Senior Apartments Phase Ii

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 Senior Apartments Phase II comprises 80 units designated for low-income residents in Paterson City, New Jersey. The property offers affordable housing options within Passaic County. Interested parties can contact the property management for additional information regarding availability and lease terms.

Waitlist Information

Waitlist managed by Paterson Housing Authority

Public Housing Waitlist

Closed

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.

Last verified July 17, 2026

Section 8 (HCV) Waitlist

Closed

Opened February 10, 2023

Closed February 17, 2023

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.

Last verified August 14, 2026

Waitlist data provided by section8waitlist.org

Updated August 18, 2026

Property Details

Total Units

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

80 / 80

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 Senior Apartments Phase Ii 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 Senior Apartments Phase Ii?+

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 Senior Apartments Phase Ii?+

Riverside Village Senior Apartments Phase Ii is managed by . You can reach them at .

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

Riverside Village Senior Apartments Phase Ii 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