Heritage Village at Elton Corner

About This Building

Title: Affordable Housing Option at Heritage Village, Freehold, NJ Section 1: Introduction Heritage Village at Elton Corner in Freehold, NJ offers a Low-Income Housing Tax Credit (LIHTC) apartment for those seeking an affordable housing option. Section 2: LIHTC Support and Income Restrictions These rental apartments are supported by the LIHTC program, which provides incentives to builders and developers to offer affordable housing to low-income individuals. The program imposes rent and income restrictions for eligibility. Section 3: Rent Calculation Based on AMI The maximum rent charged for this apartment is determined by the Area Median Income (AMI). However, it is important to note that the AMI-based rent may still be unaffordable for low-income individuals. Section 4: Check Rental Rates To determine the affordability of this apartment, it is recommended to check the current rental rates. This will help ascertain if the apartment fits within one's budget. Section 5: Apartment Details Heritage Village consists of 150 one and two-bedroom low-income apartments, providing diverse housing options to individuals and families in need. Section 6: Office Hours The office hours for Heritage Village are as follows: - Monday, Tuesday, Thursday, Friday: 9 am - 5 pm Section 7: Application and Eligibility As demand for affordable housing is often high, it is common for apartments to have waiting lists. Interested individuals are encouraged to directly contact Heritage Village at the provided number to inquire about the application process and determine if they meet the eligibility criteria.