Image of Newton Town Centre Senior Housing

Newton Town Centre Senior Housing

225 Spring Street, Newton, NJ 07860

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Ben D. Layfield, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	-

This project has been funded and will begin construction soon.

One and Two Bedroom Apartments for Active Seniors 55+
Located in the heart of Downtown Newton

Apartments are reserved for low and moderate income households.
Minimum and maximum income limits apply.

Now accepting applications.

Dave's Thoughts On Newton Town Centre Senior Housing

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 Newton Town Centre Senior Housing 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 Layfield, Founder of Affordable Housing Online

Newton Town Centre Senior Housing Amenities

Elevator
Community Room
On-Site Manager
Covered Parking
Garage
Air Conditioning
Dishwasher
Cable Ready
Window Coverings
Carpet
Hardwood Floors
Refrigerator
Oven and Range
Energy Efficient Design
Outings events & activities
On-Site Maintenance
Community Garden
Laundry Facilities
Stainless Steel Appliances
Large Closets

Units at Newton Town Centre Senior Housing

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price^†
Two Bedroom (2/1)	-	Call for Price^†

Income Qualification for Newton Town Centre Senior Housing

*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
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.

FAQs for Newton Town Centre Senior Housing

Does Newton Town Centre Senior Housing have a waiting list?

Newton Town Centre Senior Housing 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 Newton Town Centre Senior Housing?

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 Newton Town Centre Senior Housing?

Newton Town Centre Senior Housing is managed by RPM Development Group headquartered in Montclair, NJ.

In addition to Newton Town Centre Senior Housing, how many other affordable housing properties (and units) are there in Newton?

In addition to Newton Town Centre Senior Housing, we list 12 other affordable properties in Newton. Learn about these properties here. Our data research shows that there are a total of 225 affordable units in Newton.