Georgia King Village

250 Georgia King Vlg, Newark, New Jersey 07107

Contact Georgia King Village

Georgia King Village is an affordable apartment community with easy access to I-280, Garden State Parkway, and I-78 Express. Immediate proximity to NJ Transit Bus 21, 34, 73, and 99. Less than 15 minute walk to Newark Light Rail. Proximity to Newark Penn Station, which connects to New York City, PATH, and NJ Transit.

The location in downtown Newark allows residents easy access to a myriad of professional sporting and social engagements. The Prudential Center, Newark Symphony Hall, New Jersey Performing Arts Center, Newark Museum, Military Park and countless fine dining establishments, convenient restaurants, and shopping nearby. Close to several hospitals and learning institutions, including University Hospital, East Orange General Hospital, East Rutgers University Medical School, West Side High School, and Sussex Elementary School

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $1,293
Two Bedroom (2/1)	-	From $1,552
Three Bedroom (3/1.5)	-	From $1,794
Four Bedroom (4/2)	-	From $2,001
Five Bedroom (5/3)	-	From $2,208

Eligibility for Georgia King Village

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 Georgia King Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person	9 Person	10 Person
30%	$25,600	$29,250	$32,900	$36,550	$39,500	$42,400	$45,420	$50,560	$0	$0
50%	$42,650	$48,750	$54,850	$60,900	$65,800	$70,650	$75,550	$80,400	$0	$0
80%	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800	$117,400	$124,950	$0	$0

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 Georgia King Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person	9 Person	10 Person
Very Low Income (50%)	$42,650	$48,750	$54,850	$60,900	$65,800	$70,650	$75,550	$80,400	$0	$0
Low Income (60%)	$51,180	$58,500	$65,820	$73,080	$78,960	$84,780	$90,660	$96,480	$0	$0

Georgia King Village Details

422 one, two, three, four and five bedroom units.
Section 236
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Rental Assistance Demonstration (RAD)
Section 8 Project-Based Voucher (PBV)
Section 221 (d) (3)

Property Amenities

Playground
Basketball Court
Community Room
Laundry Room
Grilling Area
On-Site Security

Unit Amenities

New and Renovated Interior

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.

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Rental Assistance Demonstration (RAD)

Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.