Otto E. Kretchmer Elderly NJ2-17

26 Van Vechten St, Newark, NJ 07114

Waiting List Forecast: Open Until Further Notice

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Waitlist Information

Newark Housing Authority Waiting List

Go to the public housing authority page for this waiting list >>

Otto E. Kretchmer Elderly is a Senior development, built in 1961. There are 198 units ranging in size from studios to two bedrooms.

Dave's Thoughts On Otto E. Kretchmer Elderly NJ2-17

This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Otto E. Kretchmer Elderly NJ2-17 participates in the Public Housing 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Otto E. Kretchmer Elderly NJ2-17

*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 7 people 8 people
30% AMI for PBRA Units $25,600 / year $29,250 / year $32,900 / year $36,550 / year $39,500 / year $42,400 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $42,650 / year $48,750 / year $54,850 / year $60,900 / year $65,800 / year $70,650 / year $75,550 / year $80,400 / year
50% AMI for PBRA Units $42,650 / year $48,750 / year $54,850 / year $60,900 / year $65,800 / year $70,650 / year $75,550 / year $80,400 / year
80% AMI for PBRA Units $66,300 / year $75,750 / year $85,200 / year $94,650 / year $102,250 / year $109,800 / year $117,400 / year $124,950 / year

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

FAQs for Otto E. Kretchmer Elderly NJ2-17

Does Otto E. Kretchmer Elderly NJ2-17 have a waiting list?

Otto E. Kretchmer Elderly NJ2-17 has a waiting list. See above for waiting list details.

Are rents subsidized at Otto E. Kretchmer Elderly NJ2-17?

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.

In addition to Otto E. Kretchmer Elderly NJ2-17, how many other affordable housing properties (and units) are there in Newark?

In addition to Otto E. Kretchmer Elderly NJ2-17, 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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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.