Teaneck Senior Housing
The Teaneck Senior Housing project will create 62 units (61 rental units and 1 superintendent’s unit) of affordable rental housing for independent senior citizens in Teaneck New Jersey.
The project will increase the supply of affordable rental housing for seniors in Bergen County where demand for such housing is very high. Many seniors have been forced to move in with their children or other relatives or to leave town because they cannot afford to pay Bergen County’s market rents. It is anticipated that many of the seniors who will reside in the project will be retired and living on a fixed income. These seniors may be overburdened by the financial costs of homeownership; have physical limitations that make maintaining a home and yard increasingly difficult; or live in a market-rate apartment that is financially overburdening them.