1 Monument Drive, Princeton, NJ 08542
Telephone: (609) 688-2029
PRINCETON’S AFFORDABLE HOUSING PROGRAM HAS INCOME-ELIGIBLE CONDOMINIUMS AVAILABLE FOR PURCHASE. GROSS HOUSEHOLD INCOME DETERMINES THE PURCHASE PRICE.
- Income eligibility and household size that is appropriate to unit availability are Program requirements
- Purchase prices are calculated at 28% of gross annual household income
- Monthly Housing costs include: mortgage, interest, homeowner’s association fees, homeowner’s insurance, sewer and PMI (if applicable)
1 Person Income range: $32,415.00 - $51,864.00
Purchase Price range: $83,300.00 - $119,700.00
Moderate-income 1 bedroom units
1 person Income range: $32,415.00 - $51,864.00
Purchase price range: $98,000.00 - $137,200.00
2 person Income range: $37,046.00 – $59,273.00
Purchase price range: $117,100.00 - $161,500.00
If you are interested in purchasing and if your gross household income and household size fall within the ranges above, please call the Affordable Housing Coordinator to schedule a financial qualification interview.
Princeton offers no guarantee or representation of unit availability for every applicant. Qualification and selection is made on the basis of criteria including, but not limited to: household size; income; debt; credit history; unit availability; and legal residency status.
PRINCETON IS AN EQUAL HOUSING OPPORTUNITY