Princeton Police
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AFFORDABLE HOUSING
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)

WASHINGTON OAKS

Moderate-Income Efficiencies

1 Person Income range: $32,415.00 - $51,864.00
Purchase Price range: $81,216.00 - $117,807.00

GRIGGS FARM

Moderate-income 1 bedroom units

1 person Income range: $32,415.00 - $51,864.00
Purchase price range:    $97,007.00 - $131,863.00

2 person Income range: $37,046.00 – $59,273.00
Purchase price range:    $115,265.00 - $155,099.00

Moderate-income 2 bedroom unit
2 person Income range: $37,046.00 – $59,273.00
Purchase price range:    $111,000.00 - $151,000.00

3 person Income range: $41,676.00 – $66,682.00
Purchase price range:    $130,000.00 - $174,000.00

4 person Income range: $46,307.00 – $74,091.00
Purchase price range:    $148,000.00 - $198,000.00

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 IS AN EQUAL HOUSING OPPORTUNITY     

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.