Affordable Housing
Policies and Requirements
For All Applicants ___________________________________________________________
This is an equal housing opportunity. Federal law prohibits discrimination against any person
making application to buy or rent a home with regard to age, race, religion, national origin,
sex, handicapped or familial status. State law prohibits discrimination on the basis of race,
creed, color, national origin, ancestry, nationality, marital or domestic partnership or civil
union status, familial status, sex, gender identity or expression, affectional or sexual
orientation, disability, source of lawful income or source of lawful rent payment.
This affordable housing must be the intended primary residence of the applicant. All
household members who intend to reside at the affordable apartment must be listed in the
Preliminary Application. If changes in household composition occur during the application
process, or if there is a change of address, the applicant is required to notify Piazza &
Associates, Inc. in writing, immediately.
Applications must be truthful, complete and accurate. Any false statement makes the
application null and void, and subjects the applicant to penalties imposed by law.
Annual Income includes, but is not limited to, salary or wages, alimony, child support, social
security benefits, unemployment benefits, pensions, business income, and actual or imputed
earnings from assets (which include bank accounts, certificates of deposit, stocks, bonds, or
other securities), and real estate.
If you own a home in which you are currently residing and which you intend to sell prior to
living in an affordable home, compute your income from this asset by taking the market value
of your home, subtracting the mortgage principal, and multiplying the balance by the current
“Passbook Savings Rate” published by HUD. Income from other real estate holdings is
determined by the actual income you receive from the asset (less expenses, but not less your
mortgage principal payment). If you have no outstanding mortgage debt, the value of your
home will be subject to a maximum appraised value limit, which, when exceeded, may
disqualify you from this affordable housing program.
Specific documentation to verify income and assets will be required at a later date, during the
final portion of the application process, during which no changes will be allowed.
Please understand that the rental rates for this affordable housing are established and governed
by State and / or municipal regulations. Although consideration is made for very low-, low-
and moderate- categories of household incomes, rental rates do not fluctuate on the basis of
each individual applicant's income. Therefore, we can not and do not guarantee that any
apartment for rent will be affordable to YOU or YOUR household.
The owners and managers of affordable apartments will set forth additional requirements,
including, but not limited to an application fee, a lease agreement, security deposit, minimum
credit standards and criminal background check. Once leased, rents will NOT be adjusted to
accommodate fluctuations in household income. Rental rate increases may occur annually,
but are subject to limitations. The municipality may subject final applications to a regional
preference requirement, which is allowed by state regulations.
If you need assistance completing this application, please contact us at 609-786-1100.
DO NOT SEND SUPPORTING DOCUMENTATION WITH THIS APPLICATION.
Please mail your application to the address, below, or fax it to us at 609-786-1105.
Piscataway Township, NJ
216 Rockingham Row - Princeton, NJ 08540
Piazza & Associates, Inc.
