Penns Grove Gardens is managed by Housing Management Resources.
Located in Penns Grove, New Jersey, Penns Grove is an apartment community offering one, two, and three bedroom apartments for rent. Professionally managed by Housing Management Resources, Inc., Penns Grove offers residents such amenities as after school programs and a learning lab with computers, where residents can surf the internet in a safe environment, kitchens equipped with energy efficient appliances, included utilities, off street parking, community laundry facilities, a community room, and 24 hour emergency maintenance service.
“Our “Working Family Preference†means that a family with at least 1 working member (or if the head, co-head, or sole member is age 62 or older, or is a disabled person) will be given preference over all other nonworking applicants.â€
Contact our on site staff and schedule a tour of your new home at Penns Grove today!
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 a HUD rental assistance program in Penns Grove but actual income limits may differ for units at Penns Grove Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $23,450 | $26,800 | $30,150 | $33,500 | $36,200 | $40,280 |
50% | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 |
80% | $62,500 | $71,400 | $80,350 | $89,250 | $96,400 | $103,550 |
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 Penns Grove but actual income limits may differ for units at Penns Grove Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 |
Low Income (60%) | $46,920 | $53,580 | $60,300 | $66,960 | $72,360 | $77,700 |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.
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.