Income Limits & Rental Increases

2022 Update

AHPNJ has calculated the 2022 income limits (other years are available by request).  Consult with your municipal or affordable housing attorney before utilizing these limits to make sure that they can be used in your municipality.

Background:

The State of New Jersey has not released new income limits since 2014.  In addition, there have been no increases in rents, re-sale prices, or the regional asset limit since 2014.   

What AHPNJ has done to address the above:

Somerset, Hunterdon, and Warren Counties: In October 2018, Judge Miller signed a vicinage wide income limits order applying to all of the 60 or so municipalities with cases in that vicinage.  All of these municipalities can now utilize the most current income limits available as it applies both to towns that have settled and those that have not and reserves all rights on the methodology.  

AHPNJ is very interested in making sure all municipalities are utilizing the most current data available, so if you have questions then please email Randy Gottesman: randy@cgph.net.

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Peapack-Gladstone BankRPM Development GroupWaltersPiazza & Associates, Inc.

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