Affordable housing rental opportunity available by lottery.

New Lottery for 150 Bay Ave Jersey City
Date: 18th May 2024
Work -Artist’s loft studio apartment Jersey City residents preferred

New Lottery for 150 Bay Ave Jersey City
March 2024 Dates will be announced soon Live
Work -Artist’s loft studio apartment Jersey City residents preferred

150 BAY STREET

Lottery Applications Available for Affordable Housing Artist Live/Work Studio Lofts

150 Bay Street, Jersey City, NJ 07302

Two (2) Artist Live/Work Studio Lofts

One Studio unit Live/Workspace is 1,190 sq. ft.

One Studio unit Live/Workspace is 1,286 sq. ft.

Jersey City residence preference will be used in this lottery. All applicants applying must have been approved and have an Artist Certification from the Jersey City Artist Certification Board of Jersey City. Limitations are: no welding, kilns, spraying of aerosols, carpentry work causing sawdust, musicians with loud instruments. Musicians may be on a case by case based on landlord. Each Artist will be required to participate in the Annual Jersey City Studio Tour.

The application period will open on Saturday May 18, 2024, and will close at 11:59 PM on Monday June 10, 2024. The lottery drawing date will be Monday June 24, 2024, at 11:00 AM via Zoom. To receive a free application for the lottery, please email coahpro.com or call 732-955-9595. Free applications for the lottery can also be picked up at 150 Bay Street reception desk.

Maximum occupancy of 2 people per household. The rent will include use of gym, heat, hot water, sewer, and trash. The cost of electricity is $37.00 and will be deducted from the gross rent listed below.

  • Household income qualifications are based on an AMI of 60% Gross Household Income to a maximum of 80% range of Gross household Income.
  • The Gross Household Income needed to apply is a minimum of $56,200.00 and a maximum household income of $85,680.00.
  • The rental range is from a minimum of $1,405 to the maximum of $1,874.

THIS NOTCE IS AVAILABLE IN SPANISH, ARABIC, URDU, GUJARATI, AND HINDI UPON

Diane Gloria, Administrative Agent, Jersey City
State of New Jersey Licensed Real Estate Broker #853-4000
732-955-9595 ● coahpro.com ● coahpro@gmail.com

Income Requirements

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
20% 18,740 21,420 24,100 26,760 28,920 31,060 33,200 35,340
30% 28,110 32,130 36,150 40,140 43,380 46,590 49,800 53,010
40% 37,480 42,840 48,200 53,520 57,840 62,120 66,400 70,680
50% 46,850 53,550 60,250 66,900 72,300 77,650 83,000 88,350
60% 56,220 64,260 72,300 80,280 86,760 93,180 99,600 106,020
70% 65,590 74,970 84,350 93,660 101,220 108,710 116,200 123,690
80% 74,960 85,680 96,400 107,040 115,680 124,240 132,800 141,360

Income 0 Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Bedroom
20% 468 502 602 696 776 856
30% 702 753 903 1,044 1,164 1,285
40% 937 1,004 1,205 1,392 1,553 1,713
50% 1,171 1,255 1,506 1,740 1,941 2,141
60% 1,405 1,506 1,807 2,088 2,329 2,570
70% 1,639 1,757 2,108 2,436 2,717 2,998
80% 1,874 2,008 2,410 2,784 3,106 3,427
INCOME % of gross household income
2 PERSON
3 PERSON
4 PERSON
5 PERSON
6 PERSON
50%
48,700
54,800
60,850
65,750
70,600
60%
58,440
65,760
73,020
78,900
84,720
70%
68,180
76,720
85,190
92,050
98,840
80%
77,920
87,680
97,360
105,200
112,960
Two bedroom
Three bedroom
Jersey City Residents have 1st Preference
Wait List For Lottery
  • 62 Storms Avenue, Jersey City, NJ 07306 – 2 bedroom, 1 bath with a minimum occupancy of 2 person household and a maximum occupancy of 4 person household.
  • 64 Storms Avenue, Jersey City, NJ 07306 – 3 bedroom, 2 bath with a minimum occupancy of 4 person household and a maximum occupancy of 6 person household.
To obtain an application you may request so by the following: for a paper application please call 551-999-2932, or you may visit our leasing office located at 509 Memorial Drive, Neptune NJ or email a request to obtain and application at coahpro@gmail.com or you may download an application at coahpro.com
Wait List For Lottery
  • 62 Storms Avenue, Jersey City, NJ 07306 – 2 bedroom, 1 bath with a minimum occupancy of 2 person household and a maximum occupancy of 4 person household.
  • 64 Storms Avenue, Jersey City, NJ 07306 – 3 bedroom, 2 bath with a minimum occupancy of 4 person household and a maximum occupancy of 6 person household.
  • Ridge Points Apartments located at one executive drive in Fort Lee NJ I will send you also a picture of that property. that property only has a wait list and that is currently closed. I do want you to list the property details which are as follows we have studio one bedrooms two bedrooms and three bedroom
  • Carriage Park located at 2000 Colt Circle in Lawrence NJ please list this property as a 55 plus rental community. this property has one bedroom one baths and two bedroom two baths there are no three bedrooms and there are no studio apartments please remove the information about the studios.
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