Douglas Homes

15 Hill St, Newark, New Jersey 07102

Douglas Homes is a 15-story development. The property is located in the downtown area of Newark. Amenities include two elevators, sit-in gardens, parking, intercom system, laundry, on-site Resident Services Coordinator, medical care facility and 24-hour security.

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

Eligibility for Douglas Homes

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 Douglas Homes.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$25,600	$29,250	$32,900	$36,550	$39,500	$42,400	$45,420	$50,560
50%	$42,650	$48,750	$54,850	$60,900	$65,800	$70,650	$75,550	$80,400
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 Newark but actual income limits may differ for units at Douglas Homes.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$42,650	$48,750	$54,850	$60,900	$65,800	$70,650	$75,550	$80,400

Douglas Homes Details

134 studio and one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Laundry Room
On-Site Parking
Resident Service Coordinator
Community Garden
On-Site Security
Wellness Center

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.