Granville Towers is a beautiful apartment building located in Keansburg, New Jersey. RPM Development Group partnered with the Keansburg Housing Authority to develop Granville Towers primarily for low-income seniors and disabled residents. It's downtown location is perfect for residents as it is walking distance from many stores and a short walk from Keansburg Beach. Currently, Granville Towers offers studios and 1-bedroom apartments to those whose head of household is 62 years old or older, or those who are disabled and 18 years old or older. The apartments at Granville Towers are income restricted. The waitlist is operated by the Keansburg Housing Authority.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | Call for Price |
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 Keansburg but actual income limits may differ for units at Granville Towers.
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 Keansburg but actual income limits may differ for units at Granville Towers.
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 |
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.