609 Broad St., Newark, NJ 07102

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey
Rent Beds Baths SqFt
$641 - 1,428 per Month Studio - 3 Beds 1 Bath -
check_circle  Market Rate
check_circle  Family and Senior
check_circle  Mixed-income
check_circle  Affordable

Waitlist Forecast

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.

The former Hahne and Co flagship department store building was restored and redeveloped into a vibrant mixed-use, mixed-income development in the heart of downtown Newark, New Jersey. The timing of this restoration coordinated well with the rise of Prudential Insurance’s new 20-story office building and the City’s restoration of Military Park, both located across the street from the project. With Rutgers University, the New Jersey Institute of Technology, the New Jersey Performing Arts Center and the New Jersey Historical Society located steps away from the project – the Hahne’s project connects the various important corridors of Downtown Newark and provides unprecedented quality new housing, retail and commercial opportunities to the community.

The residential portion includes 160 units of both affordable and market-rate apartments and a parking garage. Opened in 2016, the building is also home to a diverse group of retailers including Express Newark, Rutgers University-Newark arts and cultural incubator, a Barnes and Noble bookstore, Newark’s first Whole Foods Market, Coolvines wine store, Marcus BP restaurant, and the Industrial Bank.

Dave's Thoughts On Hahne's

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 Hahne's 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Hahne's Amenities

  • Controlled Access
  • Fitness Center
  • Hardwood Floors
  • Bicycle Storage
  • Washer and Dryer Included
  • Stainless Steel Appliances
  • Smoke Free
  • Game Room
  • Package Lockers
  • On-Site Grocery

Units at Hahne's

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - $641
One Bedroom (1/1) - $686
Two Bedroom (2/1) - $824
Three Bedroom (3/1) - $1,428

Income Qualification for Hahne's

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
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.

FAQs for Hahne's

Does Hahne's have a waiting list?

Hahne's 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 Hahne's?

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 Hahne's?

Hahne's is managed by C&C Apartment Management LLC headquartered in New York, NY.

In addition to Hahne's, how many other affordable housing properties (and units) are there in Newark?

In addition to Hahne's, we list 185 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 Hahne's listing last updated?

Hahne's listing on Affordable Housing Online was last updated on 09/26/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.