Low Income (LIHTC)

Parkside Senior Housing

3 Parkside St, Franklin Twp, NJ, 8873

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

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About This Property

Parkside Senior Housing comprises 70 low-income units serving seniors in Franklin Township, Somerset County, New Jersey. The property was placed in service in 2011 and continues to operate as an affordable housing community.

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

2011

LIHTC Credit Type

Low-Income Units

70 / 70

Frequently Asked Questions

What is the average rent for affordable housing in Franklin Twp, 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 Parkside Senior Housing 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.

How do I apply for housing at Parkside Senior Housing?+

Parkside Senior Housing 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 Parkside Senior Housing?+

Parkside Senior Housing is managed by . You can reach them at . Visit their website for more information.

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