About This Property
Franklin Senior offers 94 low-income units in Franklin, NJ and serves elderly residents. The property was placed in service in 2009 and remains actively managed to provide affordable housing options in Sussex County.
Property Details
Fair Market Rent - Sussex 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 | $1,379 |
| 1 Bedroom | $1,590 |
| 2 Bedroom | $1,916 |
| 3 Bedroom | $2,424 |
| 4 Bedroom | $2,800 |
Income Limits - Sussex County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,550
- Very Low (50%)
- $37,600
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,800
- Very Low (50%)
- $43,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,200
- Very Low (50%)
- $53,700
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,800
- Very Low (50%)
- $58,000
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $62,300
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,600
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,900
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,550 | $37,600 | $55,950 |
| 2 Persons | $25,800 | $43,000 | $63,950 |
| 3 Persons | $29,000 | $48,350 | $71,950 |
| 4 Persons | $32,200 | $53,700 | $79,900 |
| 5 Persons | $34,800 | $58,000 | $86,300 |
| 6 Persons | $37,400 | $62,300 | $92,700 |
| 7 Persons | $40,120 | $66,600 | $99,100 |
| 8 Persons | $44,660 | $70,900 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin, NJ?+
The Fair Market Rent (FMR) for Sussex County, NJ is: $1379 (Studio), $1590 (1BR), $1916 (2BR), $2424 (3BR), $2800 (4BR). Actual rent at subsidized properties like Franklin Senior is typically 30% of household income or less.
What are the income limits for affordable housing in Sussex County, NJ?+
For a 4-person household in Sussex County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,200, Very Low Income (50% AMI): $53,700, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
How do I apply for housing at Franklin Senior?+
Franklin Senior 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 Franklin Senior?+
Franklin Senior is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Franklin Senior?+
Franklin Senior primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.