Bordentown Affordable Apartments
- «
- 1
- »
There are 336 low-income apartments in Bordentown Township that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Bordentown Township where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Bordentown Township, New Jersey
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Burlington County Board of Social Services | Section 8 Housing Choice Voucher (HCV) |
| State of New Jersey Department of Community Affairs | Section 8 Housing Choice Voucher (HCV) |
Bordentown Township, New Jersey Affordable Housing Data
Income Based Apartments in Bordentown Township, New Jersey
Bordentown Township features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Bordentown Township, New Jersey
There are 336 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bordentown Township.
Housing Choice Vouchers in Bordentown Township, New Jersey
On average, Section 8 Housing Choice vouchers pay Bordentown Township landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bordentown Township.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bordentown Township, New Jersey for a two-bedroom apartment is between $1,563 and $1,911.
2024 Bordentown Township, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Bordentown Township, New Jersey Fair Market Rent | $1,303 | $1,451 | $1,737 | $2,100 | $2,422 |
| Bordentown Township, New Jersey Payment Standard Range | $1,173 to $1,433 | $1,306 to $1,596 | $1,563 to $1,911 | $1,890 to $2,310 | $2,180 to $2,664 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Bordentown Township, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 336 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | % |
| Average Renter Household Size | 0.00 |
| Average Household Size | 0.00 |
| Median Household Income | $0 ±$0 |
| Median Rent | $0 ±$0 |
| Total Population | 0 |
Population and Household Demographics
Bordentown Township is a city in Burlington County, New Jersey with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Bordentown Township are renters.
Income and Rent Overburden in Bordentown Township
The median gross income for households in Bordentown Township is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Bordentown Township
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Bordentown Township, the AMI is calculated from all households within Burlington County.
In Bordentown Township, HUD calculates the Area Median Income for a family of four as $114,400
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Bordentown Township
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Bordentown Township
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Bordentown Township AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$23,450 | $26,800 | $30,150 | $33,500 | $36,200 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Bordentown Township AMI may qualify for rental assistance programs that target Very Low Income households. |
$39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 | $69,200 | $73,700 |
| 80% AMI Income Limits Renters earning up to 80% of the Bordentown Township AMI may qualify for rental assistance programs that target Low Income households. |
$62,500 | $71,400 | $80,350 | $89,250 | $96,400 | $103,550 | $110,700 | $117,850 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.