9 Mill St, Paterson, NJ 07501
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Welcome to a vibrant neighborhood with 3 distinct apartment communities: Hamilton Square at the Great Falls, Congdon Mill at the Great Falls and the all NEW ARGUS ELLISON MILL at The Great Falls which is currently under construction.
Living here puts you on the cutting edge of work, play and recreation. Beautifully planned apartment homes featuring tall ceilings, oversized windows, fully appointed kitchens, hardwood flooring and original painted wood beam ceilings!
To Learn More about the Development of the NEW ARGUS ELLISON MILL located at #5 Mill St or Construction Job Opportunities for the Argus Mill Construction Project- Please Click Here
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 Hamilton Square Apartments 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
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Hamilton Square Apartments have a waiting list?
Hamilton Square Apartments 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 Hamilton Square Apartments?
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 Hamilton Square Apartments?
Hamilton Square Apartments is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to Hamilton Square Apartments, how many other affordable housing properties (and units) are there in Paterson?
In addition to Hamilton Square Apartments, we list 58 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 Hamilton Square Apartments listing last updated?
Hamilton Square Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
69 Straight Street, Paterson, New Jersey 07501
72 Carroll St, Paterson, New Jersey 07501
394 Straight St, Paterson, New Jersey 07501
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.La'Velle D Jackson says:
"I’ve had opportunities to apply to states and cities that I never thought of before on Affordable Housing Online. Thank you for your help!"