1 Court St, Newark, NJ 07102
Waiting List Forecast: Likely Long or Closed
Verified for 2024 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
Since this property may have a RAD Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Since Court Towers participates in the RAD Section 8 Project-Based Section 8 Program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based RAD Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the RAD Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Rent is Based On Your Income† |
| One Bedroom (1/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 30% AMI for PBRA Units | $25,600 / year | $29,250 / year |
| 50% AMI for LIHTC Units | $42,650 / year | $48,750 / year |
| 50% AMI for PBRA Units | $42,650 / year | $48,750 / year |
| 80% AMI for PBRA Units | $66,300 / year | $75,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Court Towers have a waiting list?
Court Towers probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Court Towers?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Court Towers?
Court Towers is managed by Arco Management Corporation headquartered in Suffern, NY.
In addition to Court Towers, how many other affordable housing properties (and units) are there in Newark?
In addition to Court Towers, we list 249 other affordable properties in Newark. Learn about these properties here. Our data research shows that there are a total of 23374 affordable units in Newark.
When was the Court Towers listing last updated?
Court Towers listing on Affordable Housing Online was last updated on 01/24/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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