Colonial Park Apartments

401 S Evergreen Ave, Woodbury, New Jersey 08096

Section 8 New Construction, Unit Based Assistance
(Elderly Only)

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based

Colonial Park Apartments Details

  • 199 1 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Handicapped Accessible

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Woodbury 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 Woodbury but actual income limits may differ for units at Colonial Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $22,150 $25,300 $28,450 $31,600 $34,150 $37,190 $41,910 $46,630
50% $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600
80% $59,050 $67,450 $75,900 $84,300 $91,050 $97,800 $104,550 $111,300

Woodbury 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 Woodbury but actual income limits may differ for units at Colonial Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600
Low Income (60%) $44,280 $50,640 $56,940 $63,240 $68,340 $73,380 $78,420 $83,520

Colonial Park Apartments is managed by Housing Authority of Gloucester County.

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Nearby Low Income Apartment Communities

Deptford Park Apartments

120 Pop Moylan Blvd
Woodbury, New Jersey
Income Based
1 BR