975 Old York Rd., Branchburg, NJ 08853
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $440 - 2,022 per Month† | 1 - 3 Beds | 1 - 2 Baths | 617 - 1,148 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Located in the desirable Township of Branchburg, Red Rock Preserve is a four-building, multi-family community consisting of 1, 2, and 3-bedroom apartments and townhomes. Each apartment and townhome will boast spacious floor plans, many with patios or balconies, luxury vinyl plank flooring, contemporary finishes, washer and dryer hookups, energy-efficient appliances, and ample closet space. Residents will be able to enjoy a beautiful great room for gatherings, a fully-equipped fitness center, a playground for children, and covered garage parking.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Red Rock Preserve Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 617ft2 | $440 $1,458† |
| Two Bedroom (2/1.5) | 935ft2 | $1,445 $1,750† |
| Three Bedroom (3/2) | 1148ft2 | $1,670 $2,022† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $50,050 / year | $57,200 / year | $64,350 / year | $71,450 / year | $77,200 / year | $82,900 / year |
| 50% AMI for PBRA Units | $50,050 / year | $57,200 / year | $64,350 / year | $71,450 / year | $77,200 / year | $82,900 / year |
| 60% AMI for LIHTC Units | $60,060 / year | $68,640 / year | $77,220 / year | $85,740 / year | $92,640 / year | $99,480 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Red Rock Preserve Apartments have a waiting list?
Red Rock Preserve Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Red Rock Preserve Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Red Rock Preserve Apartments?
Red Rock Preserve Apartments is managed by Conifer Realty, LLC headquartered in Rochester, New York.
In addition to Red Rock Preserve Apartments, how many other affordable housing properties (and units) are there in Somerset County?
In addition to Red Rock Preserve Apartments, we list 40 other affordable properties in Somerset County. Learn about these properties here. Our data research shows that there are a total of 2027 affordable units in Somerset County.
When was the Red Rock Preserve Apartments listing last updated?
Red Rock Preserve Apartments listing on Affordable Housing Online was last updated on 10/02/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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