Heritage Village at Elton Corner is managed by Community Investment Strategies, Inc..
***SECTION 8 WELCOME***SENIOR COMMUNITY 55 YEARS OR OLDER OR DISABLED***Heritage Village at Elton Corner is a newly constructed rental affordable housing apartment community for people 55 years and over with low and modest incomes. Conveniently located in desirable Freehold Township, this signature CIS community offers gracious maintenance-free lifestyle, sun-filled one- and two-bedroom apartments and a host of comfort-enhancing modern amenities at an unbeatable price.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 700 | From $1,082 |
2 Bedroom (2/1) | 980 | From $1,298 |
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 Freehold but actual income limits may differ for units at Heritage Village at Elton Corner.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Low Income (60%) | $54,180 | $61,920 | $69,660 | $77,400 |
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.