69 Straight Street, Paterson, NJ 07501
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,398 - 1,405 per Month† | 1 Bed | 1 Bath | 641 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.
At Freedom Village, you’ll find brand new 55+ and 62+ senior apartments in Paterson, NJ, designed with your active lifestyle in mind. This fully gated community just steps from convenient public transportation will allow you to live the active, exciting life you desire!
In each 1-bedroom apartment, you’ll find an open design and large windows that make coming home something special. Adding to these wonderful comforts, you’ll also enjoy all of the extras at Freedom Village such as the community room, on-site fitness center and a variety of resident services.
Located in Paterson, NJ and a short drive to the excitement of New York City, Freedom Village puts you close to the places you want to be. This is the kind of home you’ve been looking for. Freedom Village, we bring it all together.
Applicants for the subsidized units at Freedom Village must be referred by the Paterson Housing Authority.
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 Freedom Village 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 641ft2 | $1,398 $1,405† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $27,250 / year | $31,150 / year | $35,050 / year | $38,900 / year | $42,050 / year | $45,150 / year | $48,250 / year | $51,350 / year |
| 50% AMI for LIHTC Units | $45,400 / year | $51,850 / year | $58,350 / year | $64,800 / year | $70,000 / year | $75,200 / year | $80,400 / year | $85,550 / year |
| 50% AMI for PBRA Units | $45,400 / year | $51,850 / year | $58,350 / year | $64,800 / year | $70,000 / year | $75,200 / year | $80,400 / year | $85,550 / year |
| 60% AMI for LIHTC Units | $54,480 / year | $62,220 / year | $70,020 / year | $77,760 / year | $84,000 / year | $90,240 / year | $96,480 / year | $102,660 / year |
| 80% AMI for PBRA Units | $66,750 / year | $76,250 / year | $85,800 / year | $95,300 / year | $102,950 / year | $110,550 / year | $118,200 / year | $125,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Freedom Village have a waiting list?
Freedom Village 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 Freedom Village?
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 Freedom Village?
Freedom Village is managed by Pennrose Management Company headquartered in Philadelphia , Pennsylvania.
In addition to Freedom Village, how many other affordable housing properties (and units) are there in Paterson?
In addition to Freedom Village, we list 44 other affordable properties in Paterson. Learn about these properties here. Our data research shows that there are a total of 3587 affordable units in Paterson.
When was the Freedom Village listing last updated?
Freedom Village listing on Affordable Housing Online was last updated on 09/26/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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