Affordable Housing In Penns Grove
Salem County, New Jersey

4 Low Income Apartment Communities In Penns Grove

Penns Grove Gardens

1 Helms Cove Lane
Penns Grove, New Jersey
Call For Rent
1-3 BR
Subsidized

Silver Run Park Apartments

300 Gillette Avenue
Penns Grove, New Jersey

Penn Village Apartments

200 South Smith Ave
Penns Grove, New Jersey
Subsidized

Penn Tws South

40 S Broad St
Penns Grove, New Jersey
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Section 8 Vouchers, Apartments, and Waiting Lists in Penns Grove, New Jersey

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Penns Grove, New Jersey

Housing Authority Programs
Penns Grove Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Penns Grove, New Jersey

There are 4 low income housing apartment communities offering 486 affordable apartments for rent in Penns Grove, New Jersey.

Income Based Apartments in Penns Grove, New Jersey

Penns Grove features 486 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Penns Grove, New Jersey

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Penns Grove.

Housing Choice Vouchers in Penns Grove, New Jersey

On average, Section 8 Housing Choice vouchers pay Penns Grove landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Penns Grove.

The maximum amount a voucher would pay on behalf of a low-income tenant in Penns Grove, New Jersey for a two-bedroom apartment is between $1,168 and $1,428.

2022 Penns Grove, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Penns Grove, New Jersey Fair Market Rent $940 $1,071 $1,298 $1,605 $1,837
Penns Grove, New Jersey Payment Standard Range $846 to $1,034 $964 to $1,178 $1,168 to $1,428 $1,445 to $1,766 $1,653 to $2,021

Sourced from federal housing data and AffordableHousingOnline.com research.

Penns Grove, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 486
Total Housing Units with Rental Assistance 486
Percentage of Housing Units Occupied By Renters 66.69%
Average Renter Household Size 3.11
Average Household Size 2.92
Median Household Income $31,406 ±$5,122
Median Rent $971 ±$97
Percentage Of Renters Overburdened 66.17% ± 13.8pp
Total Population 5,032

Population and Household Demographics

Penns Grove is a city in Salem County, New Jersey with a population of 5,032. There are 1,720 households in the city with an average household size of 2.92 persons. 66.69% of households in Penns Grove are renters.

Income and Rent Overburden in Penns Grove

The median gross income for households in Penns Grove is $31,406 a year, or $2,617 a month. The median rent for the city is $971 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Penns Grove, a household making less than $3,237 a month would be considered overburdened when renting an apartment at or above the median rent. 66.17% of households who rent are overburdened in Penns Grove.

Area Median Income In Penns Grove

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Penns Grove, the AMI is calculated from all households within Salem County.

In Penns Grove, HUD calculates the Area Median Income for a family of four as $105,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Penns Grove

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Penns Grove

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Penns Grove AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,150 $25,300 $28,450 $31,600 $34,150 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Penns Grove AMI may qualify for rental assistance programs that target Very Low Income households.
$36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600
80% AMI Income Limits
Renters earning up to 80% of the Penns Grove AMI may qualify for rental assistance programs that target Low Income households.
$59,050 $67,450 $75,900 $84,300 $91,050 $97,800 $104,550 $111,300