North Oraton Homes 305

391 Lakeside Ave, City of Orange, NJ 7050

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

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.

Dave's Thoughts On North Oraton Homes 305

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 North Oraton Homes 305 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for North Oraton Homes 305

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
50% AMI for LIHTC Units $42,650 / year $48,750 / year $54,850 / year $60,900 / year $65,800 / year $70,650 / year $75,550 / year $80,400 / year
50% AMI for PBRA Units $42,650 / year $48,750 / year $54,850 / year $60,900 / year $65,800 / year $70,650 / year $75,550 / year $80,400 / year
60% AMI for LIHTC Units $51,180 / year $58,500 / year $65,820 / year $73,080 / year $78,960 / year $84,780 / year $90,660 / year $96,480 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for North Oraton Homes 305

Does North Oraton Homes 305 have a waiting list?

North Oraton Homes 305 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 North Oraton Homes 305?

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.

In addition to North Oraton Homes 305, how many other affordable housing properties (and units) are there in City of Orange?

In addition to North Oraton Homes 305, we list 23 other affordable properties in City of Orange. Learn about these properties here. Our data research shows that there are a total of 1734 affordable units in City of Orange.

When was the North Oraton Homes 305 listing last updated?

North Oraton Homes 305 listing on Affordable Housing Online was last updated on 05/26/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.

Listings Near North Oraton Homes 305

Walter G. Alexander Village

97 Wilson Pl, City of Orange, New Jersey 07050

bed 1

Lincoln Court

357 & 365 Lincoln Ave, City of Orange, New Jersey 07050

bed 1-2

Central Orange Village II

124 S Essex Ave, City of Orange, New Jersey 07050

Lincoln Avenue Apartments 454

651 Lincoln Ave, City of Orange, New Jersey 07050

Orange Y Housing

132 William St, City of Orange, New Jersey 07050

Mount Carmel Towers

268 Oakwood Ave, City of Orange, New Jersey 07050

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.