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 ANNUAL 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 for all working household members
• Monthly Housing costs include: mortgage, interest, homeowner’s association fees, homeowner’s insurance, sewer and PMI (if applicable)

Washington Oaks

Unit	# of People in Unit	Income Range (Minimum)	Income Range (Maximum)	Purchase Price (Minimum)	Purchase Price (Maximum)
2 Bedroom MODERATE Income	2	$37,047.00	$59,273.00	$82,400.00	$162,100.00
	3	$41,677.00	$66,682.00	$99,000.00	$188,600.00
	4	$46,308.00	$74,091.00	$115,600.00	$215,200.00

Unit	# of People in Unit	Income Range (Minimum)	Income Range (Maximum)	Purchase Price (Minimum)	Purchase Price (Maximum)
1 Bedroom MODERATE Income	1	$32,416.00	$51,864.00	$65,801.00	$135,500.00
	2	$37,047.00	$59,273.00	$82,400.00	$162,100.00

Unit	# of People in Unit	Income Range (Minimum)	Income Range (Maximum)	Purchase Price (Minimum)	Purchase Price (Maximum)
MODERATE Income Efficiency	1	$32,416.00	$51,864.00	$65,801.00	$135,500.00

Unit	# of People in Unit	Income Range (Maximum)	Purchase Price (Maximum)
2 Bedroom LOW Income	2	$37,046.00	$82,400.00
	3	$41,676.00	$99,000,00
	4	$46,307.00	$115,600.00

 

Griggs Farm

Unit	# of People in Unit	Income Range (Minimum)	Income Range (Maximum)	Purchase Price (Minimum)	Purchase Price (Maximum)
2 Bedroom MODERATE Income	2	$37,047.00	$59,273.00	$96,500.00	$176,150.00
	3	$41,677.00	$66,682.00	$113,100.00	$202,700.00
	4	$46,308.00	$74,091.00	$129,700.00	$229,300.00

Unit	# of People in Unit	Income Range (Minimum)	Income Range (Maximum)	Purchase Price (Minimum)	Purchase Price (Maximum)
1 Bedroom MODERATE Income	1	$32,416.00	$51,864.00	$84,500.00	$154,200.00
	2	$37,047.00	$59,273.00	$101,100.00	$180,700.00

If you are interested in purchasing and if your gross household income and household size fall within the ranges above, please submit a sales application to the Princeton Affordable Housing office.

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  

Updated 10/12/17