Telephone Heights is managed by RPM Development Group.
Built in 1907 as a switching building for the telephone company, Telephone Heights is a charming Pre-war building now featuring 45 newly renovated apartments with loft-like ceilings and incredible views of New York City and downtown Newark.
Telephone Heights offers 1, 2, and 3 bedroom residences. The apartments are reserved for moderate income families. Minimum and maximum income limits apply.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/1) | - | 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 the Low-Income Housing Tax Credit program in Newark but actual income limits may differ for units at Telephone Heights.
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 |
Low Income (60%) | $51,180 | $58,500 | $65,820 | $73,080 | $78,960 | $84,780 |
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.