Passaic Affordable Housing Corporation

About This Building

Assisting Residents with Affordable Housing: Passaic Affordable Housing Corporation Income Requirements for Affordable Housing Developments To reside in any of the housing developments facilitated by Passaic Affordable Housing Corporation, households must meet specific income standards as well as comply with guidelines related to household size. The income requirements for these developments depend on whether the housing was built under Federal or State regulations. Federal Rule: Income Requirements Housing constructed under Federal regulations must adhere to Federal income requirements. These guidelines ensure that households with low to moderate incomes receive the necessary assistance. Low-income households are categorized as those with incomes equal to or less than 50 percent of the median family income for the county where the housing is located. Moderate-income households, on the other hand, have earnings that fall between 50 and 80 percent of the median family income. State Programs: Income Guidelines For housing built under State programs, the income guidelines are determined by State regulations. These guidelines cater specifically to low- and moderate-income households, aligning with both State and Federal rules. Targeting Low-Income Households Some Federal programs emphasize providing aid exclusively to households with extremely low incomes. These programs aim to support those with the greatest financial need. Contact for Application and Eligibility For more information on the application process and eligibility requirements, please reach out to Passaic Affordable Housing Corporation at (973) 365-1874. Our team is ready to assist you.