About This Property
Peapack and Gladstone Family Housing contains 20 units designated for low-income residents in Peapack and Gladstone Borough, Somerset County. The property has been in service since 1999.
Property Details
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.
- Extremely Low (30%)
- $25,900
- Very Low (50%)
- $43,150
- Low (80%)
- $57,250
- Extremely Low (30%)
- $29,600
- Very Low (50%)
- $49,300
- Low (80%)
- $65,400
- Extremely Low (30%)
- $33,300
- Very Low (50%)
- $55,450
- Low (80%)
- $73,600
- Extremely Low (30%)
- $36,950
- Very Low (50%)
- $61,600
- Low (80%)
- $81,750
- Extremely Low (30%)
- $39,950
- Very Low (50%)
- $66,550
- Low (80%)
- $88,300
- Extremely Low (30%)
- $42,900
- Very Low (50%)
- $71,500
- Low (80%)
- $94,850
- Extremely Low (30%)
- $45,850
- Very Low (50%)
- $76,400
- Low (80%)
- $101,400
- 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
Frequently Asked Questions
What is the average rent for affordable housing in Peapack Gladstone Boro, 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 Peapack and Gladstone Family 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.
Who manages Peapack and Gladstone Family Housing?+
Peapack and Gladstone Family Housing is managed by . You can reach them at .
How do I apply for housing at Peapack and Gladstone Family Housing?+
Peapack and Gladstone Family Housing 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.
Walk Score
Car-Dependent
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