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AFFORDABLE HOUSING
1 Monument Drive, Princeton, NJ 08540

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 for all working household members
  • Monthly Housing costs include: mortgage, interest, homeowner’s association fees, homeowner’s insurance, sewer and PMI (if applicable)
Hamilton Avenue
Unit # of People in Unit Income Range (Minimum) Income Range (Maximum) Purchase Price (Minimum) Purchase Price (Maximum)
2 Bedroom MODERATE Income 2 $37,046.00 $59,273.00 $108,300.00 $149,900.00
3 $41,676.00 $66,682.00 $127,400.00 $174,200.00
4 $46,307.00 $74,091.00 $146,500.00 $198,500.00

Washington Oaks

Unit # of People in Unit Income Range (Minimum) Income Range (Maximum) Purchase Price (Minimum) Purchase Price (Maximum)
2 Bedroom MODERATE Income 2 $37,046.00 $59,273.00 $102,400.00 $144,000.00
3 $41,676.00 $66,682.00 $121,500.00 $168,300.00
4 $46,307.00 $74,091.00 $140,500.00 $192,600.00

Unit # of People in Unit Income Range (Minimum) Income Range (Maximum) Purchase Price (Minimum) Purchase Price (Maximum)
MODERATE Income Efficiency 1 $32,415.00 $51,864.00 $83,300.00 $119,700.00

Unit # of People in Unit Income Range (Minimum) Income Range (Maximum) Purchase Price (Minimum) Purchase Price (Maximum)
LOW
Income Efficiency
1 $19,449.00 $32,415.00 $34,800.00 $71,200.00

Griggs Farm

Unit # of People in Unit Income Range (Minimum) Income Range (Maximum) Purchase Price (Minimum) Purchase Price (Maximum)
2 Bedroom MODERATE Income 2 $37,046.00 $59,273.00 $114,700.00 $156,300.00
3 $41.676.00 $66,682.00 $133,800.00 $180,600.00
4 $46,307.00 $74,091.00 $152,900.00 $204,900.00

Unit # of People in Unit Income Range (Minimum) Income Range (Maximum) Purchase Price (Minimum) Purchase Price (Maximum)
1 Bedroom MODERATE Income 1 $32,415.00 $51,864.00 $100,400.00 $136,800.00 
2 $37,046.00 $59,273.00 $119,500.00 $161,067.00

 

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