Heritage Village at Manalapan is a rental community for people 55 years and over with modest incomes. Conveniently located in desirable Manalapan Township, this signature CIS community offers gracious maintenance-free lifestyle, sun-filled one- and two-bedroom apartments and a host of comfort-enhancing modern amenities at an unbeatable price. Tired of the rising property taxes and cost of homeownership? Want to have more leisure time and no house upkeep? How about living closer to grandchildren, family and friends? Independent living in a quality-designed new rental complex at a fraction of the market-rate unit price is possible. Whether you are downsizing or changing your lifestyle, come visit Heritage Village at Manalapan. You will feel right at home!
|One Bedroom (1/1)||663||From $1,094|
|Two Bedroom (2/1)||941||From $1,311|
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.
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 Manalapan but actual income limits may differ for units at Heritage Village at Manalapan for Adults 55 Plus.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$42,650||$48,750||$54,850||$60,900||$65,800||$70,650||$75,550||$80,400|
|Low Income (60%)||$51,180||$58,500||$65,820||$73,080||$78,960||$84,780||$90,660||$96,480|
Heritage Village at Manalapan for Adults 55 Plus is managed by Community Investment Strategies, Inc..