Royal Crescent - NJ

About This Building

Title: Royal Crescent - Affordable Housing Option in Mount Royal, NJ Section 1: Introduction Consider Royal Crescent, a low-income housing apartment complex that takes part in the Low-Income Housing Tax Credit (LIHTC) program. This establishment, located in Mount Royal, NJ, offers affordable rental apartments with rent and income restrictions applicable to the program. Section 2: LIHTC Program Benefits and Limitations The LIHTC program encourages builders and developers to create housing options for individuals with low incomes. Maximum rent charges are determined based on the Area Median Income (AMI). However, it's important to note that the AMI may render this apartment unaffordable for some low-income individuals. To determine its affordability for you, please check the current rental rates. Section 3: Apartment Availability and Office Hours Royal Crescent boasts 65 one, two, and three-bedroom apartments catering to low-income individuals. The office operates from Monday to Friday with the following hours: 9 am - 5 pm, excluding Wednesdays. Section 4: Waitlist and Application Process Given the high demand for affordable housing, it is common for apartments to have waiting lists. To further explore the possibility of qualifying and applying to live at Royal Crescent, we encourage you to directly contact them using the provided number. Section 5: Conclusion Royal Crescent provides a much-needed affordable housing option within the Mount Royal, NJ community. Contact them today to ascertain if you meet the requirements for residency.