How long will Residences at symphony hall - 4% remain affordable housing?

LIHTC properties are required by law to remain affordable for a minimum of 30 years from the date they were placed in service (Residences at symphony hall - 4% was placed in service around 2017, so rent restrictions are secured at least until ~2047). After that period, the owner can choose to exit the program or renew. Ask management about the property's current compliance end date.

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RESIDENCES AT SYMPHONY HALL - 4% — Income-Restricted Apartments in Newark, New Jersey

Neighborhood & Amenities

Walk Score®

91/100• Walker's Paradise

Transit Score®

83/100• Excellent Transit

Bike Score®

52/100• Bikeable

Walk Score®, Transit Score®, and Bike Score® are trademarks of Walk Score and Redfin.

How Walk Score works

How rent works

What this means for you

This property includes LIHTC tax credit · Not Reported AMI. Rent rules can change by unit, so ask the office which program applies to the apartment you want.

LIHTC: These are income-based apartments with rent limits tied to the local Area Median Income (AMI) — not market-rate rent. Rent limits are set from the local AMI. If this property also has rental assistance, some tenants may pay about 30% of adjusted income.

Services & Accessibility

Wheelchair & Mobility AccessVerify

Not explicitly confirmed. Call ahead to verify elevator availability and doorway widths before applying.

Who can live here

Income ceiling: Not Reported Income-qualified only

Rent-Restricted Units

60 of 60 total

income-restricted tax credit apartments

Rent-Restricted Until

~2017

Minimum 30-year LIHTC legal commitment

Income Limit

Not Reported

Your household income must be at or below this % of Area Median Income

How do Tax Credit Apartments work?

Residences at symphony hall - 4% is a Low Income Housing Tax Credit (LIHTC) apartment community in Newark, New Jersey. LIHTC properties — also called Section 42 housing or tax credit apartments — are income-restricted rentals developed with federal tax credits administered by state Housing Finance Agencies (HFAs). Qualifying residents pay rent based on a percentage of the Area Median Income (AMI) for Newark. These properties are among the most affordable apartments available without a Section 8 voucher.

To qualify, your total household income must fall at or below the income limit set for this property — currently Not Reported of AMI. Unlike public housing, LIHTC income-restricted apartments are privately managed and require you to apply directly to the property. Rent is fixed at a discounted rate tied to AMI — not to your specific income — so your monthly payment stays predictable.

By law, LIHTC properties must remain rent-restricted for a minimum of 30 years. Residences at symphony hall - 4% was placed in service around 2017, keeping rents income-restricted at least through ~2017.

Before You Apply

Confirm the age rule and income limit
You must be of qualifying age. Your income must fall within HUD's Area Median Income (AMI) limits for Newark.
Ask which unit types are actually available
This listing shows historically available units. Ask directly if a unit is open today.
Verify accessibility before paying any fees
If you use a wheelchair or walker, confirm elevator access and doorway widths before submitting a paid application.

Did you know?LIHTC properties have specific maximum rent limits based on your income and the local Area Median Income (AMI). Read the full guide

Questions People Ask

What unit types are reported at Residences at symphony hall - 4%?Open

This record reports: 1 Bed • 2 Bed. Availability can change rapidly, so ask management which layouts are currently open and whether any accessible units are available.

What are the income limits to qualify at Residences at symphony hall - 4%?Open

Residences at symphony hall - 4% is a Low Income Housing Tax Credit (LIHTC) property. HFA records indicate the income ceiling is set at Not Reported. This means your household income must be at or below that percentage of the Area Median Income (AMI) for newark. The exact dollar threshold depends on your household size. Management will verify income during the application process.