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Check COAH’s Affordable Housing Regional Income Limit Guide for Morris County. The Council of Affordable Housing releases the regional income limits for the entire state by income and family size. If your total income is over the number indicated, you go up to the next category. If you are over the moderate-income category then you do not qualify for affordable housing.

No. Due to the large volume of names on the various waiting lists, we no longer give out the number assigned to your name. This office will contact you when you name comes up within top 15 of pre-certified candidates or if it is a rental, Rachel Gardens Marketing Offices will call you to come in for a financial certification interview.

Nothing new has been approved and/or under construction. Based on past history, we get 911 resale requests yearly. 75% of these units are certified as senior citizen units only (62 + older) or one-bedroom moderate units. It’s infrequent that we get in a 2 or 3-bedroom low household resale. This type of home is the most commonly requested.

You must be income certified to own a unit. The financial data in this process is extensive Once certified and an owner, this is your home no different than any other single family dwelling, and we do not monitor your income. We do monitor illegal use and/or violations of sale, Housing Agreements and/or Rules and Regulations and Ordinances of the Township.

According to the IRS website, transcripts of previously filed tax returns can be ordered by completing a Form 4506-T or calling 800-829-1040 and following the prompts in the recorded message. There is no charge for the transcript and you should receive it in 10 business days from the time they receive your request. Tax return transcripts are generally available for the current and past three years.

You must notify the Housing Administrator of your intent to sell at which time the pricing of the house will be established and sent to you. Once received, you execute this letter of agreement and return it to the Housing Office. Upon receipt, the top pre-certified prioritized candidates would be contacted with your information. The Housing Office coordinates the entire resale process thru contract, mortgage and closing.

The seller of an affordable unit does not have to accept a bid that is less than the maximum resale price and may request that the next applicant household bid on their unit. However, if after a number of applicant households bid on the unit, the maximum resale price is not offered, the seller could return to the highest bidding household or simply reject all offers and take the unit off the market. Sellers, however, should recognize that in some situations the resale market would not support holding out for maximum resale price, such as the condition of the unit or the unit in comparison to other units in the area.

Calculating the maximum resale price (MRP) for an ownership unit involves applying the annual percentage increase corresponding with each calendar year since the Seller bought the house. No increase is permitted during the balance of the calendar year immediately after the sale. The Township Housing Committee approved a 2.27% increase per year to the purchase price.

About Montville

Montville Township was formed in 1867 from portions of Pequannock Township. It is bounded to the north by Kinnelon Borough, to the east by Lincoln Park Borough and the Passaic River, to the south by the Passaic River and East Hanover Township, and to the west by the Rockaway River, Parsippany-Troy HIlls Township, and Boonton Township.