Hillcrest Manor at South Amboy, LLC

2097 State Highway 35 South, South Amboy, New Jersey 08879

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Hillcrest Manor at South Amboy, LLC Details

  • 62 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

About Hillcrest Manor at South Amboy, LLC

Hillcrest Manor Located at South Amboy, LLC is a 55 year old or older property. We have Studio and 1 Bedrooms only.

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

South Amboy Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $37,800 $43,200 $48,600 $53,950 $58,300 $62,600 $66,900 $71,250
60% $45,360 $51,840 $58,320 $64,740 $69,960 $75,120 $80,280 $85,500

Hillcrest Manor at South Amboy, LLC was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Hillcrest Manor at South Amboy, LLC is managed by Coughlin Management Company.