- Are utilities included in my monthly rent?
- Water, sewer and trash collection are included in your rent. Residents are responsible for electric, gas, telephone and cable. Renter’s insurance is highly recommended.
- On the preliminary application, you ask for Household Composition and Income. Can you explain this?
All individuals in your household that are 18 years or older must submit income information. Gross Annual Income includes, but is not limited to pre-tax salaries/wages, tips, commissions, alimony, overtime, pensions, social security, unemployment compensation, TANF, child support, disability, interest and dividends from assets. Child support and alimony will be calculated from the decree stating the amounts whether the payee is current or in arrears. All income information will be verified during the formal application process.
- Once I submit a preliminary application for an affordable apartment, what is the next step?
If there is an apartment available which meets your income level requirements, a credit check and criminal background check will be run on your application in accordance with New Jersey’s Fair Chance in Housing Act, N.J.S.A. 46:8-52 to 64 (FCHA). If an apartment is not available, and you meet the income level requirements, you will be placed on our state mandated waiting list. A letter will be mailed to you explaining that you have been placed on our waiting list. All qualified applicants are added to the list in the order they are received.
- Does my bank account affect my “household income?”
.06% of your account balances are considered part of your income. For example, if you have $100,000 in the bank, only $60 would count toward your income.
- I currently own a home. If I sell it, will my eligibility for an affordable apartment be affected?
Many people think they don’t qualify for income-restricted housing because of the value of their home. In truth, however, the State of New Jersey does not consider proceeds from the sale of a home as part of your income.
No matter how much you receive in proceeds from the sale of your current home, only .06% of your pre-home-sale account balances are considered part of your income. For example, if you have $100,000 in the bank prior to the sale of your home, only $60 would count toward your income.
- There are currently no apartments available for lease at the affordable community I’m interested in. What can I do?
We strongly recommend that you join the waiting list for the community. Although some of our communities are currently at full occupancy, the unparalleled living experience they offer is well worth the wait.
In the meantime, we’ll do our best to find a home for you at one of our other communities.
- How long do I have after my application has been approved by all parties to move in?
- You must take possession of the unit within 15 days of the unit becoming available.
- What is the timeframe that I must submit all necessary paperwork for approval?
- Requested paperwork must be submitted to our Compliance Department within five working days.
- Is my $50 application fee refundable if I don’t get accepted or approved?
When a unit becomes available for you, a $50 application fee will be required. Once we begin the application screening process, the application fee becomes non-refundable. Your application will only be processed if we have a unit for you. If you are placed on the waiting list, the application fee will be refunded to you.