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Victorian Towers

608 Washington St, Cape May, New Jersey 08204

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Call (609) 884-5883

Victorian Towers is managed by Diocesan Housing Services Coorporation, Inc.

Victorian Towers is a six story 204-unit affordable senior apartment building located in the heart of downtown Cape May, New Jersey. This community offers studio and 1-bedroom units. Most of the apartments have a hallway foyer entrance that flows into the kitchen/living room area. Studio units have a full kitchen, full bathroom and a living/dining/sleeping area with closet space and the 1-bedroom units feature two entryway closets, full kitchen, full bathroom, living/dining area and a separate bedroom with additional closet space.

 

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

Eligibility for Victorian Towers

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 Cape May but actual income limits may differ for units at Victorian Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $21,150 $24,150 $27,150 $30,150 $35,140 $40,280 $45,420 $50,560
80% $56,250 $64,300 $72,350 $80,350 $86,800 $93,250 $99,650 $106,100

Victorian Towers Details

  • 29 studio and one bedroom units.
  • Rental Assistance Payments (RAP)
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)
  • Section 236

Property Amenities

  • Community Room
  • Laundry Room
  • Smoke Free
  • Game Room

Unit Amenities

  • Window Coverings
  • Refrigerator
  • Electric Range
Rental Assistance Payments (RAP)

Since this property has received funding through the HUD Section 236 program and the Rental Assistance Program (RAP), a tenant who earns 50% of the Area Median Income (AMI) or less qualifies for rental assistance. The rental assistance limits the tenant rent contribution to the greater of 10% of their gross income, 20% of their adjusted income, or a designated portion of welfare assistance. If a tenant's income is above the 50% AMI level, they may still qualify to live here but not benefit from the rent subsidy.

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.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

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