Lincoln Park Towers

31 Lincoln Park, Newark, New Jersey 07102

Enjoy the ease and convenience of the Local Food Pantry’s monthly visit. They are minutes away from area restaurants, parks, museums and the New York Library. They also offer free parking and 24-hour security for our amazing residents. Contact them today to schedule your appointment to join their outstanding community.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 534 Call for Price
1 Bedroom (1/1) 647 Call for Price
1 Bedroom (1/1) 764 Call for Price
2 Bedroom (2/1) 682 Call for Price

Lincoln Park Towers Details

  • 80 one and two bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Elevator
  • Laundry Room
  • Garage
  • Gated Community
  • Resident lounges
  • On-Site Maintenance

Unit Amenities

  • Washer/ Dryer

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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 HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Newark but actual income limits may differ for units at Lincoln Park Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $22,550 $25,800 $29,000 $32,200 $34,800 $37,400 $40,120 $44,660
50% $37,600 $43,000 $48,350 $53,700 $58,000 $62,300 $66,600 $70,900
80% $55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500

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 Lincoln Park Towers.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $37,600 $43,000 $48,350 $53,700 $58,000 $62,300 $66,600 $70,900
Low Income (60%) $45,120 $51,600 $58,020 $64,440 $69,600 $74,760 $79,920 $85,080

Lincoln Park Towers is managed by The Michaels Organization.

Image of Lincoln Park Towers

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