Clare Court at The Clare Estate, A 55+ apartment community is managed by Community Investment Strategies, Inc..
Clare Court is located on the historic 10-acre Clare Estate property in downtown Bordentown. Set behind the historic Monastery, on its own cul-de-sac, Clare Court features specially designed one-bedroom apartments for independent, active adults 55 and older. Designed as freestanding cottages, apartments feature beautiful Victorian architecture, central heating and air, efficient appliances, patios and gardens.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $751 To $946 |
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 Bordentown but actual income limits may differ for units at Clare Court at The Clare Estate, A 55+ apartment community.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 | $69,200 | $73,700 |
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 Bordentown but actual income limits may differ for units at Clare Court at The Clare Estate, A 55+ apartment community.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 | $69,200 | $73,700 |
Low Income (60%) | $46,920 | $53,580 | $60,300 | $66,960 | $72,360 | $77,700 | $83,040 | $88,440 |
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.