Low Income (LIHTC)

Valley Brook Village

151 Knollcroft Rd, Basking Ridge, NJ, 7939

Information verified May 9, 2026·We re-check waiting list status daily

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About This Property

Valley Brook Village comprises 62 units in Basking Ridge, New Jersey, with 61 units designated as low-income housing. The property has been in service since 2013 and is located in Somerset County.

Property Details

Total Units

Fair Market Rent - Somerset 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	$1,608
1 Bedroom	$1,807
2 Bedroom	$2,276
3 Bedroom	$2,756
4 Bedroom	$3,031

Income Limits - Somerset County, NJ

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

1 Person

Extremely Low (30%): $25,900
Very Low (50%): $43,150
Low (80%): $57,250

2 Persons

Extremely Low (30%): $29,600
Very Low (50%): $49,300
Low (80%): $65,400

3 Persons

Extremely Low (30%): $33,300
Very Low (50%): $55,450
Low (80%): $73,600

4 Persons

Extremely Low (30%): $36,950
Very Low (50%): $61,600
Low (80%): $81,750

5 Persons

Extremely Low (30%): $39,950
Very Low (50%): $66,550
Low (80%): $88,300

6 Persons

Extremely Low (30%): $42,900
Very Low (50%): $71,500
Low (80%): $94,850

7 Persons

Extremely Low (30%): $45,850
Very Low (50%): $76,400
Low (80%): $101,400

8 Persons

Extremely Low (30%): $48,800
Very Low (50%): $81,350
Low (80%): $107,950

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$25,900	$43,150	$57,250
2 Persons	$29,600	$49,300	$65,400
3 Persons	$33,300	$55,450	$73,600
4 Persons	$36,950	$61,600	$81,750
5 Persons	$39,950	$66,550	$88,300
6 Persons	$42,900	$71,500	$94,850
7 Persons	$45,850	$76,400	$101,400
8 Persons	$48,800	$81,350	$107,950

Tax Credit Program Details

Year Placed in Service

2013

Low-Income Units

61 / 62

Frequently Asked Questions

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

The Fair Market Rent (FMR) for Somerset County, NJ is: $1608 (Studio), $1807 (1BR), $2276 (2BR), $2756 (3BR), $3031 (4BR). Actual rent at subsidized properties like Valley Brook Village is typically 30% of household income or less.

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

For a 4-person household in Somerset County, NJ, the income limits are: Extremely Low Income (30% AMI): $36,950, Very Low Income (50% AMI): $61,600, Low Income (80% AMI): $81,750. These limits are set by HUD and updated annually.

Who manages Valley Brook Village?+

Valley Brook Village is managed by . You can reach them at .

How do I apply for housing at Valley Brook Village?+

Valley Brook Village 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.

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