Chuck Costello Complex

1998 Route 18 North, Old Bridge, New Jersey 8857

At the Chuck Costello Complex for people with special needs, you’ll find an Old Bridge apartment home designed with your needs in mind. Specially designed to be 100% handicap accessible and adjacent to Raritan Bay Medical Center, Chuck Costello Complex puts everything you need right at your fingertips. You’ll be part of a friendly and vibrant community that will help you live the active, fulfilling life you desire!

Whether you choose a one, two or three-bedroom apartment, you’ll find open floor plans with oversized windows, large closets and fully equipped kitchens that make coming home special. Adding to these wonderful comforts, you’ll also enjoy all of the extras at Chuck Costello Complex such as an inviting community room, beautifully landscaped grounds and courtyard, and a variety of resident services.

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Chuck Costello Complex Details

  • 61 bedroom units.
  • Low Rise
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.

Old Bridge 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 Old Bridge but actual income limits may differ for units at Chuck Costello Complex.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $47,500 $54,250 $61,050 $67,800 $73,250 $78,650 $84,100 $89,500
Low Income (60%) $57,000 $65,100 $73,260 $81,360 $87,900 $94,380 $100,920 $107,400

Chuck Costello Complex is managed by Pennrose Management Company.

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