To secure ongoing federal rent subsidies for our tenants we are required to adhere to certain agency regulations and laws including:
US Department of Housing and Urban Development
NJ Housing and Mortgage Finance Agency
NJ Department of Community Affairs
Ridge Oak Senior Housing maintains a waiting list of those that are age 62 and older and income eligible. The income guidelines for Somerset County are as follows:
Villages 1-11: Ridge Oak
Upper Income Limit for an Individual = $63,000
Upper Income Limit for a Couple = $72,000
Village 12: Ridge Oak II and Villages 1A and 9A: Ridge Oak III
Upper Income Limit for an Individual = $47,500
Upper Income Limit for a Couple = $54,250
Many things are considered when determining eligibility including age, citizenship status, size of household and income. All potential tenants are required to disclose social security number(s), all income and asset information. Potential tenants are subject to previous landlord, criminal background, and credit checks.
Each tenant must undergo a re-certification every year to renew his or her lease and to calculate his or her new rent payment.
How Do I Know I am Eligible?
All Ridge Oak waiting lists are currently closed. However, the following video may help you understand our eligibility requirements at the time of application.