Maples Terrace

About This Building

Income Requirements for Qualification: - Minimum household income requirement: $20,050 and above per year for a household of 3 people (minimum household size) - Minimum household income requirement: $22,275 and above per year for a household of 4 people - Maximum household income requirement: $24,075 and above per year for a household of 5 people (maximum household size) Subsidized Apartments Available: - Apartments currently subsidized for two years by the State of New Jersey's Landlord Incentive Program! - This program is income-based and aims to assist low-to-moderate income households with their monthly rent for two years (which could be extended based on future funding availability). - Please note that this program is not the Section 8 program. - Under the Landlord Incentive Program, the tenant's rent will be determined by their household income, and the state will cover the remaining portion of the rent paid to the landlord. - This presents an excellent opportunity for eligible individuals or families. How the Landlord Incentive Program Works: - The tenant's monthly rent obligation is based on their household size, household income, and the number of bedrooms required. - For example, a 3-person household with a combined income of $28,070 would only need to pay $843 per month (or less) for a three-bedroom apartment, with the Program covering the remaining portion of the rent. - The tenant's monthly rent contribution will range from $602 to $1,535 per month depending on their household income. This revamped version maintains the essential information while rephrasing it and organizing it under headings for clarity.