Aspen Riverpark Apartments

17 Oxford St, Newark, New Jersey 07105

Contact Aspen Riverpark Apartments

Aspen Riverpark Apartments is an affordable housing community with studio, 1-, 2-, and 3-bedroom apartments. This community is located in the Ironbound neighborhood section of the City of Newark. The apartment community is located near shopping, local parks, performing arts centers, recreation centers, and public transportation. Income restrictions may apply.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	820	Call for Price
Two Bedroom (2/1)	939	Call for Price
Three Bedroom (3/2)	1808	Call for Price

Eligibility for Aspen Riverpark Apartments

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 Newark but actual income limits may differ for units at Aspen Riverpark Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$25,600	$29,250	$32,900	$36,550	$39,500	$42,400
50%	$42,650	$48,750	$54,850	$60,900	$65,800	$70,650
80%	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800

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 Newark but actual income limits may differ for units at Aspen Riverpark Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$42,650	$48,750	$54,850	$60,900	$65,800	$70,650

Aspen Riverpark Apartments Details

258 one, two and three bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Community Room
On-Site Manager
Gated Community
On-Site Maintenance
Laundry Facilities
Courtesy Patrol

Unit Amenities

Cable Ready
Refrigerator
Oven and Range

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.