Valley Brook Village

100 Tracey Ct, Belford, New Jersey 07939

Valley Brook Village is a first of its kind VASH (Veterans Affairs Supportive Housing) community for homeless veterans, situated on the Lyons Campus of the Department of Veterans Affairs New Jersey Health Care System in Lyons, New Jersey. Residential common spaces form a village-style community on 16+ acres and feature sixty-two furnished, one and two bedroom apartment homes with shared community space, ample program space, landscaped walkways and shared outdoor spaces. Highlights include access to a state-of-the art learning center on-site and a vocational training space under the programming of the Employment Training Specialist.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 582-776 Call for Price
2 Bedroom (2/1) 966 Call for Price

Valley Brook Village Details

  • 50 1 and 2 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Community Room
  • On-Site Manager
  • 24hr Emergency Maintenance

Unit Amenities

  • Handicapped Accessible
  • Heat and Hot Water Included
  • Cable & Internet Ready

Low-Income Housing Tax Credit (LIHTC)

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.

Belford Low-Income Housing Tax Credit Income Limits

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 Belford but actual income limits may differ for units at Valley Brook Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
Low Income (60%) $51,180 $58,500 $65,820 $73,080 $78,960 $84,780 $90,660 $96,480

Valley Brook Village is managed by Peabody Properties, Inc..

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