Princeton Police
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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
  • Monthly Housing costs include: mortgage, interest, homeowner’s association fees, homeowner’s insurance, sewer and PMI (if applicable)

WASHINGTON OAKS

Low-Income Efficiency

1 Person Income range: $19,449.00 - $32,415.00
Purchase Price range:     $34,800.00 - $71,200.00

Moderate-Income Efficiency


1 Person Income range: $32,415.00 -    $51,864.00
Purchase Price range:     $83,300.00 - $119,700.00

GRIGGS FARM


Moderate-Income 1 bedroom unit


1 Person Income range: $32,415.00 - $51,864.00
2 person Income range: $37,046.00 - $59,273.00
Purchase price range:    $100,400.00 -$161,067.00

Moderate-Income 2 Bedroom unit


2 person Income range: $37,046.00 - $59,273.00
3 person Income range: $41,676.00 - $66,682.00
4 person Income range: $46,307.00 - $74,091.00
Purchase Price range:     $114,700.00 - $204.900.00

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