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Income Eligibility


Tenants of MEND’s rental housing must comply with income requirements mandated by the relevant government agencies that provide funding for the development, construction and operation of MEND’s properties. MEND receives funding from a variety of government agencies and each of those agencies has its own guidelines for income eligibility. There are maximum gross income levels to insure that MEND housing is provided to tenants of low and moderate income; and there are minimum gross income levels to insure that tenant’s are financially capable of paying the monthly rent and utility charges.

A tenant’s monthly rent and utility charges can generally not exceed 40% of monthly gross income for senior citizens and persons with special needs; and cannot exceed 30% for non-elderly individuals and families.

 

Moorestown & Delanco
Families & Single Adults
1 Bedroom units have a minimum annual income requirement of $22,000
# Family Members Maximum Annual Income
1 person $46,600
2 people $53,250
2 Bedroom units have a minimum annual income requirement of $25,000
# Family Members Maximum Annual Income
2 person $53,250
3 people $59,900
4 people $66,550
3 Bedroom units have a minimum annual income requirement of $27,000
# Family Members Maximum Annual Income
3 person $59,900
4 people $66,550
5 people $71,900
6 people $77,200
Senior Citizens Age 62+ & Persons with Special Needs
Efficiency units have a minimum annual income requirement of $14,500
# Family Members Maximum Annual Income
1 person $46,600
1 Bedroom units have a minimum annual income requirement of $15,500
# Family Members Maximum Annual Income
1 person $46,600
2 people $53,250
Evesham (Marlton)
Families & Single Adults
1 Bedroom units have a minimum annual income requirement of $16,890
# Family Members Maximum Annual Income
1 person $33,780
2 people $38,580
2 Bedroom units have a minimum annual income requirement of $18,660
# Family Members Maximum Annual Income
2 person $38,580
3 people $43,380
4 people $48,180
3 Bedroom units have a minimum annual income requirement of $21,000
# Family Members Maximum Annual Income
3 person $43,380
4 people $48,180
5 people $52080
6 people $55,920
Medford
Senior Citizens Age 62+ & Persons with Special Needs
1 & 2 Bedroom units have a minimum annual income requirement of $13,625
# Family Members Maximum Annual Income
1 person $33,780
2 people $38,580
Burlington Township
Adults 55+
1 & 2 Bedroom units have a minimum annual income requirement of $13,875
# Family Members Maximum Annual Income
1 person $33,780
2 people $38,580
Florence Township
Senior Citizens Age 62+
1 Bedroom units have a minimum annual income requirement of $13,875
# Family Members Maximum Annual Income
1 person $33,780
2 people $38,580

The maximum annual income figures above are published by the NJ Council on Affordable Housing (COAH) and are revised annually. (There are similar income guidelines published annually by the US Department of Housing and Urban Development and the NJ Housing and Mortgage Finance Agency.)