Affordable Housing In Franklin
Hunterdon County, New Jersey

3 Low Income Apartment Communities In Franklin

Community Hope VIII Consumer Home

43 Butler St
Franklin, New Jersey
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Concetta Towers

75 Catlin Rd
Franklin, New Jersey
Subsidized

Litc 0755 Franklin Senior Housing

1 Mill St
Franklin, New Jersey
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Section 8 Vouchers, Apartments, and Waiting Lists in Franklin, New Jersey

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Franklin, New Jersey

Housing Authority Programs
Hunterdon County Division of Housing Section 8 Housing Choice Voucher (HCV)
State of New Jersey Department of Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Franklin, New Jersey

There are 3 low income housing apartment communities offering 140 affordable apartments for rent in Franklin, New Jersey.

Income Based Apartments in Franklin, New Jersey

Franklin features 44 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Franklin, New Jersey

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin.

Housing Choice Vouchers in Franklin, New Jersey

On average, Section 8 Housing Choice vouchers pay Franklin landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Franklin.

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin, New Jersey for a two-bedroom apartment is between $1,666 and $2,036.

2022 Franklin, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Franklin, New Jersey Fair Market Rent $1,275 $1,455 $1,851 $2,288 $2,547
Franklin, New Jersey Payment Standard Range $1,148 to $1,403 $1,310 to $1,601 $1,666 to $2,036 $2,059 to $2,517 $2,292 to $2,802

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 140
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Franklin is a city in Hunterdon County, New Jersey with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Franklin are renters.

Income and Rent Overburden in Franklin

The median gross income for households in Franklin is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Franklin

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Franklin, the AMI is calculated from all households within Hunterdon County.

In Franklin, HUD calculates the Area Median Income for a family of four as $135,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Franklin

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Franklin

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Franklin AMI may qualify for rental assistance programs that target Extremely Low Income households.
$28,500 $32,600 $36,650 $40,700 $44,000 $47,250 $50,500 $53,750
50% AMI Income Limits
Renters earning up to 50% of the Franklin AMI may qualify for rental assistance programs that target Very Low Income households.
$47,500 $54,250 $61,050 $67,800 $73,250 $78,650 $84,100 $89,500
80% AMI Income Limits
Renters earning up to 80% of the Franklin AMI may qualify for rental assistance programs that target Low Income households.
$63,000 $72,000 $81,000 $90,000 $97,200 $104,400 $111,600 $118,800