Cindy Lane Apartments is an affordable community consisting of 1-, 2-, and 3-bedroom units in two buildings. Of these units, five are reserved for homeless individuals and families. This community is in close proximity to Monmouth University, Monmouth Mall, and many other retail and job opportunities.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $287 To $948 |
Two Bedroom (2/1) | - | From $348 To $1,141 |
Three Bedroom (3/1) | - | From $400 To $1,316 |
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.