Colt Arms Apartments

52 Godwin St, Paterson, New Jersey 07501

Contact Colt Arms Apartments

Colt Arms is composed of 13 floors, 50 efficiency-sized apartments and 156 1-bedroom apartments. Nearby attractions include Paterson Great Falls National Historical Park, The Paterson Museum, The Lou Costello Memorial Park, The Fabian 8 Cinema, Shopping and fine dining. A tour of the Historic Garret Mountains and Local Parks can be easily accessed within minutes via local Route 19 and I-80. Other local and state highways at close proximity include Route 46 East/West, New Jersey Parkway and New Jersey Turnpike.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price

Eligibility for Colt Arms Apartments

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 Paterson but actual income limits may differ for units at Colt Arms Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$27,250	$31,150	$35,050	$38,900	$42,050	$45,150	$48,250	$51,350
50%	$45,400	$51,850	$58,350	$64,800	$70,000	$75,200	$80,400	$85,550
80%	$66,750	$76,250	$85,800	$95,300	$102,950	$110,550	$118,200	$125,800

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 Paterson but actual income limits may differ for units at Colt Arms Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$45,400	$51,850	$58,350	$64,800	$70,000	$75,200	$80,400	$85,550

Colt Arms Apartments Details

206 studio and one bedroom units.
Rental Assistance Demonstration (RAD)
Section 8 Project-Based Voucher (PBV)
Section 221 (d) (3)
Section 236

Property Amenities

Controlled Access
Elevator
Community Room
On-Site Manager
Laundry Room
Gazebo
Landscaping
Surveillance Cameras
Picnic Area
On-Site Security
Community Kitchen

Unit Amenities

Cable Ready
Utilities Included
Walk-in Closet(s)
Central Heat & Air
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

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.

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.