722 Chancellor Ave, Irvington, NJ 07111
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,153 - 1,687 per Month† | 1 - 3 Beds | 1 - 2 Baths | 610 - 1,116 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.
722 Chancellor offers the relaxed and rewarding lifestyle you're looking for, combining outstanding design, a host of top-notch amenities, complete with a 24-hour fitness center and elevator access.
At 722 Chancellor, you're a quick drive away from Newark Liberty International Airport, Rutgers University, Irvington Park and the vibrant cultural scene of Irvington! Coveted location, carefree living, and unmatched amenities all work together to create a lovely private respite. You may never want to leave home.
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 722 Chancellor 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.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 610ft2 | $1,153† |
| Two Bedroom (2/1) | 838ft2 | $1,376† |
| Three Bedroom (3/2) | 1116ft2 | $1,583 $1,687† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,650 / year | $48,750 / year | $54,850 / year | $60,900 / year | $65,800 / year | $70,650 / year |
| 50% AMI for PBRA Units | $42,650 / year | $48,750 / year | $54,850 / year | $60,900 / year | $65,800 / year | $70,650 / year |
| 60% AMI for LIHTC Units | $51,180 / year | $58,500 / year | $65,820 / year | $73,080 / year | $78,960 / year | $84,780 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 722 Chancellor Apartments have a waiting list?
722 Chancellor 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 722 Chancellor 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 722 Chancellor Apartments?
722 Chancellor Apartments is managed by The NRP Group LLC headquartered in Cleveland , Ohio.
In addition to 722 Chancellor Apartments, how many other affordable housing properties (and units) are there in Irvington?
In addition to 722 Chancellor Apartments, we list 29 other affordable properties in Irvington. Learn about these properties here. Our data research shows that there are a total of 1577 affordable units in Irvington.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Selina Irene says:
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