About This Property
Preakness Commons, also known as Nellis Commons, is a 96-unit affordable housing community in Wayne Township, Passaic County, New Jersey. The property includes 48 low-income units and has been in service since 1998. For more information, interested parties can contact the property management.
Property Details
Fair Market Rent - Passaic County, NJ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,400 |
| 1 Bedroom | $1,645 |
| 2 Bedroom | $1,892 |
| 3 Bedroom | $2,342 |
| 4 Bedroom | $2,946 |
Income Limits - Passaic County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $57,700
- Extremely Low (30%)
- $26,250
- Very Low (50%)
- $43,800
- Low (80%)
- $65,950
- Extremely Low (30%)
- $29,550
- Very Low (50%)
- $49,250
- Low (80%)
- $74,200
- Extremely Low (30%)
- $32,800
- Very Low (50%)
- $54,700
- Low (80%)
- $82,400
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $59,100
- Low (80%)
- $89,000
- Extremely Low (30%)
- $38,050
- Very Low (50%)
- $63,500
- Low (80%)
- $95,600
- Extremely Low (30%)
- $40,700
- Very Low (50%)
- $67,850
- Low (80%)
- $102,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $72,250
- Low (80%)
- $108,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $23,000 | $38,300 | $57,700 |
| 2 Persons | $26,250 | $43,800 | $65,950 |
| 3 Persons | $29,550 | $49,250 | $74,200 |
| 4 Persons | $32,800 | $54,700 | $82,400 |
| 5 Persons | $35,450 | $59,100 | $89,000 |
| 6 Persons | $38,050 | $63,500 | $95,600 |
| 7 Persons | $40,700 | $67,850 | $102,200 |
| 8 Persons | $44,660 | $72,250 | $108,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wayne, NJ?+
The Fair Market Rent (FMR) for Passaic County, NJ is: $1400 (Studio), $1645 (1BR), $1892 (2BR), $2342 (3BR), $2946 (4BR). Actual rent at subsidized properties like Preakness Commons (A.K.A Nellis Commons) is typically 30% of household income or less.
What are the income limits for affordable housing in Passaic County, NJ?+
For a 4-person household in Passaic County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,800, Very Low Income (50% AMI): $54,700, Low Income (80% AMI): $82,400. These limits are set by HUD and updated annually.
Who manages Preakness Commons (A.K.A Nellis Commons)?+
Preakness Commons (A.K.A Nellis Commons) is managed by . You can reach them at .
How do I apply for housing at Preakness Commons (A.K.A Nellis Commons)?+
Preakness Commons (A.K.A Nellis Commons) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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