Carpenters Square

430 S. Broadway, Gloucester City, New Jersey 08030

Carpenter's Square Apartments is the place you will want to call home. This community is an affordable independent living community for seniors 62+. Located in the central portion of Gloucester City. This attractive five story mid-rise building features 100 spacious one bedroom apartments, as well as community centers and a convenient location. Their beautiful updated kitchens and perfectly manicured grounds will make you feel at home.

***SECTION 8 WELCOME-62 YEARS OR OLDER ONLY***Francis J. Gorman Manor apartments for Seniors 62 years or older or disabled at any age. Brand new spacious 1 Bedroom apartments only $505 -$522 per month. Model apartments now open. Onsite laundry facility and FREE transportation to shopping and medical centers.

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Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 696 $522

Carpenters Square Details

  • 100 one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Elevator
  • Community Room
  • On-Site Manager
  • Laundry Room
  • 24hr Emergency Maintenance
  • Gazebo

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Garbage Disposal
  • Cable Ready
  • Walk-in Closet(s)
  • Window Coverings
  • Carpet
  • Private Entrance

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Gloucester City 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 Gloucester City but actual income limits may differ for units at Carpenters Square.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,100 $37,800 $42,550 $47,250 $51,050 $54,850 $58,600 $62,400
Low Income (60%) $39,720 $45,360 $51,060 $56,700 $61,260 $65,820 $70,320 $74,880

Carpenters Square is managed by The Michaels Organization.

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