The application process for new moderate income two bedroom age-restricted homes in Medford Township is currently open. In order to be eligible for an age-restricted affordable housing unit, applicants must meet certain income limits as required by the New Jersey Council on Affordable Housing AND at least one member of the household must be at least 55 years of age (no residents under the age of 18 are allowed). The sales price of the moderate income unit is $120,500.Currently applications are being accepted for the sale of moderate income units only. The maximum household incomes permitted are $43,848 for a one person household, $50,112 for a two person household and $56,376 for a three person household,. Interested households will be required to submit a pre-application. Units will be deed restricted to ensure continued affordability.Triad Associates has been designated by Medford Township to act as the program Administrative Agent to qualify and assist home buyers through the application process Interested persons are asked to call Triad Associates, at 856-690-5749 to request a Preliminary Application. Applications are also available at the Medford Township Municipal Building at 17 North Main Street, on the Medford Township website at www.medfordtownship.com and at www.triadhousingprogram.com. The program is authorized through the Township of Medford's Affordable Housing Program, in accordance with the New Jersey Council on Affordable Housing. Visit www.njhousing.gov for more affordable housing opportunities.
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