140 Spruce Street , Newark, NJ 07108
Waiting List Forecast: Likely Short or None
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 650 - 885 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.
Located on the former site of Douglass-Harrison Homes, this development is a private-public partnership between the city and the Michaels Development Company to provide top-of-the-line affordable housing to Newark. Harrison Park Square is located in an area that is historic in nature, it helps to return the area to the promise it once had, making it a desirable location for senior living. This first phase, a five-story, brick front, elevator building offers 56 units for seniors aged 62 and over.
Pet Policy: Please call Harrison Park Square Leasing Office for Pet Policy information.
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 Harrison Park Square 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 650ft2 | Call for Price† |
| 2 Bedroom (2/1) | 885ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,650 / year | $48,750 / year | $54,850 / year | $60,900 / year |
| 50% AMI for PBRA Units | $42,650 / year | $48,750 / year | $54,850 / year | $60,900 / year |
| 60% AMI for LIHTC Units | $51,180 / year | $58,500 / year | $65,820 / year | $73,080 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Harrison Park Square have a waiting list?
Harrison Park Square 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 Harrison Park Square?
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 Harrison Park Square?
Harrison Park Square is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Harrison Park Square, how many other affordable housing properties (and units) are there in Newark?
In addition to Harrison Park Square, 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.
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