Greater Paterson Development

14 Van Houten St, Paterson, New Jersey 07505

Greater Paterson Development Details

  • 313 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Public Housing

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Paterson 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 Paterson but actual income limits may differ for units at Greater Paterson Development.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $25,700 $29,400 $33,050 $36,700 $39,650 $42,600 $45,550 $48,450
50% $42,850 $49,000 $55,100 $61,200 $66,100 $71,000 $75,900 $80,800
80% $63,000 $72,000 $81,000 $90,000 $97,200 $104,400 $111,600 $118,800

Paterson 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 Paterson but actual income limits may differ for units at Greater Paterson Development.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $42,850 $49,000 $55,100 $61,200 $66,100 $71,000 $75,900 $80,800
Low Income (60%) $51,420 $58,800 $66,120 $73,440 $79,320 $85,200 $91,080 $96,960

Greater Paterson Development is managed by Housing Authority of the City of Paterson.

Nearby Low Income Apartment Communities

Rising Dove Senior Apartments

72 Carroll St
Paterson, New Jersey
Call For Rent
1 BR
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Freedom Village

69 Straight Street
Paterson, New Jersey
$1,311-1,328
1 BR
55+
62+

Sams Place 561

446 E 19th St
Paterson, New Jersey
Call For Rent
2-3 BR
Affordable

Straight and Narrow Apartments

394 Straight St
Paterson, New Jersey
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing