Cottage Place

643 Martin Luther King Jr Blvd, Newark, New Jersey 07102

1-4 bedroom units

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 728 From $1,045
Two Bedroom (2/2) 1092 Call for Price
Two Bedroom (2/1) 1092 From $1,235
Two Bedroom (2/2) 1100 From $1,246
Three Bedroom (3/2) 1200 From $1,415
Three Bedroom (3/2) 1200 Call for Price
Four Bedroom (4/2) 1350 From $1,561

Cottage Place Details

  • 200 1, 2, 3 and 4 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Community Room
  • 24hr Emergency Maintenance
  • Covered Parking
  • Online Payments Accepted
  • Surveillance Cameras
  • Downtown Location
  • Courtyard
  • Heat Included
  • On-Site Laundry

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Cable Ready
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony
  • Scenic View
  • Storage
  • Refrigerator
  • Private Patio and Balcony

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Nearby Parks and Recreation

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.

Newark 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 Newark but actual income limits may differ for units at Cottage Place.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $40,250 $46,000 $51,750 $57,500 $62,100 $66,700 $71,300 $75,900
Low Income (60%) $48,300 $55,200 $62,100 $69,000 $74,520 $80,040 $85,560 $91,080

Cottage Place is managed by WinnCompanies.

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