Low Income (LIHTC)

New Providence Affordable Sr. Hsg. #403

101 Academy St, New Providence, NJ, 7974

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

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About This Property

New Providence Affordable Sr. Hsg. #403 is a 22-unit senior housing community in New Providence, Union County, NJ. The property has been in service since 2012 and offers affordable housing options for eligible seniors in the area.

Property Details

Total Units

Fair Market Rent - Union 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 - Union County, NJ

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

1 Person

Extremely Low (30%): $22,550
Very Low (50%): $37,600
Low (80%): $55,950

2 Persons

Extremely Low (30%): $25,800
Very Low (50%): $43,000
Low (80%): $63,950

3 Persons

Extremely Low (30%): $29,000
Very Low (50%): $48,350
Low (80%): $71,950

4 Persons

Extremely Low (30%): $32,200
Very Low (50%): $53,700
Low (80%): $79,900

5 Persons

Extremely Low (30%): $34,800
Very Low (50%): $58,000
Low (80%): $86,300

6 Persons

Extremely Low (30%): $37,400
Very Low (50%): $62,300
Low (80%): $92,700

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $66,600
Low (80%): $99,100

8 Persons

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

Year Placed in Service

2012

LIHTC Credit Type

Low-Income Units

0 / 22

Frequently Asked Questions

What is the average rent for affordable housing in New Providence, NJ?+

The Fair Market Rent (FMR) for Union County, NJ is: $1379 (Studio), $1590 (1BR), $1916 (2BR), $2424 (3BR), $2800 (4BR). Actual rent at subsidized properties like New Providence Affordable Sr. Hsg. #403 is typically 30% of household income or less.

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

For a 4-person household in Union 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.

Who manages New Providence Affordable Sr. Hsg. #403?+

New Providence Affordable Sr. Hsg. #403 is managed by . You can reach them at .

How do I apply for housing at New Providence Affordable Sr. Hsg. #403?+

New Providence Affordable Sr. Hsg. #403 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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