Holly House Apartments

100 Drury Ln, Asbury Park, New Jersey 07712

Contact Holly House Apartments

Holly House is an affordable apartment community offering studio and 1-bedroom units and accepts Section 8 residents as well. Units come with access to high speed internet and cable and there are select units that are wheelchair accessible. This community is also smoke free.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price

Eligibility for Holly House Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Asbury Park but actual income limits may differ for units at Holly House Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$27,100	$31,000	$34,850	$38,700	$41,800	$44,900	$48,000	$51,100
50%	$45,150	$51,600	$58,050	$64,500	$69,700	$74,850	$80,000	$85,150
80%	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800	$117,400	$124,950

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Asbury Park but actual income limits may differ for units at Holly House Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$45,150	$51,600	$58,050	$64,500	$69,700	$74,850	$80,000	$85,150

Holly House Apartments Details

42 studio and one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Smoke Free
High Speed Internet Access
Wheel Chair Accessible

Unit Amenities

Cable Ready

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.