Affordable Housing Alert: Preliminary Applications Being Accepted for New Units in Teaneck

     The 248-unit, five-story Avalon Bay apartment currently rising on Windsor Road has reserved 25 apartments for residents whose incomes are deemed very low, low, or moderate. 
Monthly rents for those specially designated apartments will range from as low as $328 to as high as $1,162, 

 depending on household income and apartment size. 
     The “very low” one-bedroom unit rent category, for example, would only be available to a single person with a maximum annual income of $19,079 or a couple earning no more than $21,805.
     The “moderate” three-bedroom unit rent category is reserved for families of between three and six people with a maximum annual income ranging between $65,414 and $84,311, respectively. The Avalon building, located at 1775 Windsor Road, will feature a six-story parking deck and a pool and could open as soon as May, township officials have said.
     Those who are interested should file a preliminary application as soon as possible but no later than April 30.Applicants will receive a letter confirming they meet the eligibility criteria and then be entered into a random lottery. 
     The lottery will be conducted by Piazza & Associates, the Princeton-based firm that serves as Teaneck Township’s affordable housing administrator. 
     For more eligibility information and a copy of the application, click AvalonAffordableApplication
 
Wait List Opportunity. Piazza & Associates is continuing to accept applications for eligible tenants to be placed on the wait list for 10 new moderate-income units, for which a lottery was held last year.
That wait list would be for eight designated one-bedroom apartments in the new 128-unit Queen Anne Tower development at 1475 Palisades Avenue or for two, two-bedroom apartments set aside at another building at 159-161 Fort Lee Road
     The one-bedroom units have a monthly rent of $689, and a single person would need an annual income of between $28,149 and $47,276 to qualify, while a couple could earn no more than $54,030.  The two-bedroom apartments would rent for $837 a month, and eligible couples or families would need incomes ranging from $34,183 to $67,538 to qualify. 
     That application and other details can be found by clicking 1475AffordableApplication
 
Stay Tuned. More Teaneck affordable housing opportunities are expected in the coming months as progress continues on a number of planned new apartment buildings. Age-Friendly Teaneck will continue to send alerts on its website and social media as new applications become available. Teaneck residents can also sign up to be notified of new opportunities by logging on the Piazza & Associates website and signing up for its newsletter. 

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Twenty-five new affordable apartments are about
to become available in a new five-story apartment building in Teaneck. Residents with low- and moderate- incomes are encouraged to quickly submit preliminary applications.

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