Affordable Housing in Clinton
WHAT IS AFFORDABLE HOUSING?
Affordable housing, unlike market rate housing, has affordability controls limiting the price for at least 30 years. COAH considers housing "affordable" if the household pays approximately 28% or less of the household's gross income on housing costs. Affordable housing is priced to be affordable to households earning up to 80% of the area median income for the region in which the affordable housing is located.
WHO QUALIFIES FOR AFFORDABLE HOUSING?
In order to be eligible for affordable housing in New Jersey, a household's income must be below the income limit for the region in which the affordable housing is located, either for low or moderate levels. A moderate-income household is classified as earning between 50 percent and 80 percent of the area median income. A low-income household is classified as earning less than 50 percent of area median income.
COAH has included a new category for very low-income households, which are classified as earning less than 30 percent of area median income.
Municipalities are not required to provide affordable sale housing to very low-income households.
Click here for the Application for Affordable Housing
Regional Income Limits for Affordable Housing
AFFORDABLE HOUSING UNITS FOR SALE
|SALE (Alton Place Condominium Association)
|19 Rolling Hill Road (2 Bedroom, Moderate Income)
|8 Woodcrest Lane (1 Bedroom, Moderate Income)
RENT (Twin Ponds Apartment Complex)
If you are interested in renting any of the affordable housing units located at Twin Ponds, you must contact Affordable Housing Administrators directly in order to go through the screening/approval process. Contact information is as follows:
Maureen C. Fullaway, President
Affordable Housing Administrators
P.O. Box 945
Point Pleasant, NJ 08742
**Anyone interested in any of the units for sale listed above should contacttheTown of Clinton
Affordable Housing Administrator, Richard Phelan, at 908-735-8616 for more information.