Piazza & Associates Inc.
 

Calculator
Resale Calculator

 

  Piazza & Associates, Inc.

Princeton Forrestal Village
   216 Rockingham Row
   Princeton, NJ 08540

t.609.786.1100
f.609.786.1105

Info@HousingQuest.com


 

 

 

 

 

_____________________

IMPORTANT: All of the information contained on this site is provided as a courtesy to those seeking an affordable home. Piazza & Associates, Inc. is not responsible for any offers or errors contained herein.
_____________________

 

 

New Jersey
Income Limits
P&A

Program Income Limits

On May 14, 2014, the New Jersey Council on Affordable Housing (COAH) published the new income limits for New Jersey’s six housing regions.  The income limits are used to determine the eligibility of very low-, low- and moderate-income households, to price new sales and rental units; and to index the maximum resale price of existing sales units. These income limits are based on the U.S. Department of Housing and Urban Development’s (HUD) Section 8 income limits for the state’s six housing regions, which are defined by COAH.

In March of 2015, the New Jersey Supreme Court relieved COAH of its jurisdiction over the administration of affordable housing in New Jersey, so maximum income limits and other data have not been published by the State of New Jersey since 2014. As a result, although many towns are adopting their own income limits as published by the Affordable Housing Professionals of New Jersey (AHPNJ) and approved by the courts, some municipalities continue to be regulated by the 2014 limits that had been published by COAH.

We are in the process of updating our calculators for specific municipalities with court-approved increases. In the meantime, please feel free to contact us at info@HousingQuest.com. if you have any questions or need additional information in this regard.

You can access the COAH Income Chart for 2014 to see the median income limits in each region for those municipalities, which continue to use the older income limits. You can also access the AHPNJ Income Chart for 2019 for the income limits relevant to the municipalities that have approved them. You can also utilize our calculator to find out the estimated current maximum sales price for an existing affordable home.

Please note that the income limits, previously published by COAH and currently published by AHPNJ, apply only to state inclusionary programs. The COAH Income limits do NOT apply to HUD or USDA properties, or those governed by Low Income Housing Tax Credits, all of which utilize federally issued limits that were published during last month.

* We are in the process of updating the web site, and there may be some delay in updating the resale calculator and posting the new limits to each property application form. We apologize for the inconvenience.



Trying to reach the
New Jersey Housing Resource Center
by phone?

Call them at
1-877-428-8844
for help with your questions
statewide!