Waters Edge Crescent
80 Magnolia Ave, Elizabeth, New Jersey 07206
Water’s Edge Crescent is an affordable rental community located in the beautiful Elizabethport neighborhood. While blending seamlessly into the fabric of the larger vibrant Elizabeth community, Water’s Edge Crescent instills a sense of “pride” with its attractive facades, varied rooflines and creatively designed interiors. Modern amenities and high-grade Energy Star certified construction ensure comfort, convenience and energy savings in the spacious 1,2, and 3-bedroom apartment homes. Quality lifestyle - your own address and front door - is a reality at Water’s Edge Crescent. Come discover the special place in Elizabeth!
•Affordable living
•Incredible lifestyle
•One of the best locations in New Jersey
•Close to entertainment, dining, shopping, and more
•20 minutes to NY
Eligibility for Waters Edge Crescent
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 Elizabeth but actual income limits may differ for units at Waters Edge Crescent.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $42,650 | $48,750 | $54,850 | $60,900 | $65,800 | $70,650 |
| Low Income (60%) | $51,180 | $58,500 | $65,820 | $73,080 | $78,960 | $84,780 |
Contact Waters Edge Crescent
Waters Edge Crescent is managed by Community Investment Strategies, Inc..
Waters Edge Crescent Details
- 70 bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
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.
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