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There are 77 low-income apartments in Nutley that offer reduced rents to eligible households.
Rental assistance programs support 138 low-income homes in Nutley where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on February 3rd, 2020. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Nutley, New Jersey
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| State of New Jersey Department of Community Affairs | Section 8 Housing Choice Voucher (HCV) |
Nutley, New Jersey Affordable Housing Data
Income Based Apartments in Nutley, New Jersey
Nutley features 138 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Nutley, New Jersey
There are 77 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nutley.
Housing Choice Vouchers in Nutley, New Jersey
On average, Section 8 Housing Choice vouchers pay Nutley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Nutley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nutley, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.
2024 Nutley, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Nutley, New Jersey Fair Market Rent | $1,379 | $1,590 | $1,916 | $2,424 | $2,800 |
| Nutley, New Jersey Payment Standard Range | $1,241 to $1,517 | $1,431 to $1,749 | $1,724 to $2,108 | $2,182 to $2,666 | $2,520 to $3,080 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Nutley, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 4 |
|---|---|
| Total Low Income Apartments | 215 |
| Total Housing Units with Rental Assistance | 138 |
| Percentage of Housing Units Occupied By Renters | % |
| Average Renter Household Size | 0.00 |
| Average Household Size | 0.00 |
| Median Household Income | $0 ±$0 |
| Median Rent | $0 ±$0 |
| Total Population | 0 |
Population and Household Demographics
Nutley is a city in Essex County, New Jersey with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Nutley are renters.
Income and Rent Overburden in Nutley
The median gross income for households in Nutley is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Nutley
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Nutley, the AMI is calculated from all households within Essex County.
In Nutley, HUD calculates the Area Median Income for a family of four as $124,300
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Nutley
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Nutley
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Nutley AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$25,600 | $29,250 | $32,900 | $36,550 | $39,500 | $42,400 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Nutley AMI may qualify for rental assistance programs that target Very Low Income households. |
$42,650 | $48,750 | $54,850 | $60,900 | $65,800 | $70,650 | $75,550 | $80,400 |
| 80% AMI Income Limits Renters earning up to 80% of the Nutley AMI may qualify for rental assistance programs that target Low Income households. |
$66,300 | $75,750 | $85,200 | $94,650 | $102,250 | $109,800 | $117,400 | $124,950 |
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