Zion Towers

515 Elizabeth Ave, Newark, New Jersey 07112

Contact Zion Towers

Zion Towers is an affordable apartment community offering 1-, 2-, and 3-bedroom units. This community recent underwent major renovations to improve the kitchens and bathrooms of each unit. New community areas were added as well.

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

Eligibility for Zion Towers

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 Zion Towers.

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 Zion Towers.

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

Zion Towers Details

268 one, two and three bedroom units.
Section 236
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)
Section 221 (d) (3)

Property Amenities

Playground
Community Center

Unit Amenities

Heat and Air

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.