Piazza & Associates Affordable Housing Services

1 Piazza & AssociatesAffordableHousingServices216 RockinghamRow - PrincetonForrestalVillage- Princeton, NJ08540 Phone: (609)786-1100- Fax: (609)786-1105- E- mail: WestWindsor(u, ,OnbehalfoftheTownshipofWestWindsor, I wantto thankyouforyourinterestin thisaffordablehousingprogram. Piazza & Associates , Inc. hasbeenengagedbytheTownshipto provideyouwithinformationregardingitsaff ordablehousing; answeryourquestions; , thereis a varietyofopportunitiesforlowandmoderatei ncomehouseholdstopurchaseorrentanafforda blehomeinWestWindsor. I haveprovideda : Affordablehomesin thepurchaseprogramarelocatedinWaldenWood s, WindsorHaven, WindsorPonds, VillageGrandeandtheElementsat WestWindsor. Allofthesalesunitsarebuilt, soldandoccupied. Fromtimeto time, theybecomeavailableforresale. BycheckingthePurchase" optiononthePreliminaryApplication,yourna mewillbe putthewaitinglistto purchaseahomeinallofthedevelopments, exceptthosesetasideasagerestricted (55yearsandolder). Tobeeligibleforthoseunits,youmustalsoche ck "Purchase55+.)

2 " Detailedinformationregardingspecifichome s (e. g., floorplans, associationfees, etc.) willbeavailablefromthesellerortheiragent aseachgoesonthemarketto beresold. Minimumincomeswillbe determinedbytheabilityof thepurchaserto obtainfinancingforthehome. NeitherWestWindsorTownshipnorPiazza& : Affordablerentalopportunitiesareavailabl einAvalonWatch, TheHamlet, TheMewsatPrincetonJunction, WindsorWoodsandTheGables. Fortherentalcommunities, I havealsoprovidedthetelephonenumberforthe respectiveleasingoffices. Youmaywantto contactthemforinformationregardingfloorp lansfortheapartments, a listof amenities, theircommunityrules, applicationfeesandcreditrequirements. Toapplyforaffordableapartmentsat allbutTheGables, pleasechecktheappropriatebox(es)onthePre liminaryApplication. ToapplyforTheGables, pleasecontactthem,directly, at WaldenWoods: Thisprogramhasconcludedandwillnotbe WindsorHaven: 37one- two- andthree- bedroom, owner-occupiedcondominiumslocatedoffBear BrookRoad, youwouldliketo WindsorPonds: 39one-,two- andthree- bedroom, owner-occupiedtownhomeslocatedoffofVilla geRoadWestneartheMercerOaksGolfCourse.

3 CheckthePurchaseoptionif VillageGrande: Anadultcommunity (55yearsofageorolder), locatedonVillageRoadEast,justeastof OldTrentonRoad,whichincludes14 one-bedroomsinglefamilydetachedhomes, allofwhicharerestrictedtomoderateincomeh ouseholds. CheckthePurchase55+optionif youwouldliketo TheElementsat WestWindsor: Anadultcommunity (55yearsof ageor older), locatedonOldTrentonRoad. TheElementsincludes6 two-bedroomsaleshomes ,setasideforhouseholdsin whichat leastonememberis 55andnooneis youngerthan19. CheckthePurchase55+optionif youwouldliketo TheHamlet: 61one-bedroomrentalapartmentsforseniors (55yearsofageorolder), 38ofwhicharereservedforlowincomehousehol dsandthebalanceformoderateincomehousehol ds. Allofthesegardenapartmentsareonthefirstf loor. PetsareallowedwithEQUALHOUSINGRev1 1/01/2016 OPPORTUNTY restrictions. CheckTheHamletonthePreliminaryApplicatio n. Forfurtherinformation,contactD&MManageme ntat (732) TheMewsatPrincetonJunction: 175one-, two-andthree- bedroom, lowandmoderateincomerentalgardenapartmen ts, locatedjustoffBearBrookRd.

4 CheckTheMewsatPrincetonJunctiononthePrel iminaryApplication. Forfurtherinformation, contacttheleasingofficeat(609) 520-1999. WindsorWoods: Atotalof35one-,two-andthree- bedroom, lowandmoderateincomerentalgardenapartmen ts, locatedonMeadowRoad,justeastofRt. 1. Forfurtherinformationregardingtheapartme ntsandthecommunity, TheGablesat WestWindsor: A federallysubsidizedapartmentcommunityfor seniors,(62yearsofageorolder)consistingo f84lowincome, one-bedroom, rentalapartmentsin amidrisebuilding, locatedjustoffofRt. 571in PrincetonJunction, nearthenorthboundsideofthetrainstation. Tenantrentisbasedon30%oftheiradjustedgro ssincome. Forfurtherinformationontheapartments, incomerequirements, waitinglistorforanapplication, pleasecontactTheGables, directly,at(609) AvalonPrincetonJunction (formerlyAvalonWatch): 103lowandmoderateincome, one-,two- andthree- bedroomrentalgardenapartments, 53ofwhichareone-bedroomunitssetasideforl ow-incomehouseholds. Petsareallowedwithrestrictions.

5 AvalonWatchislocatedonClarksvilleRd. CheckAvalonPJonthePreliminaryApplication . Forfurtherinformationregardingtheapartme ntsandthecommunity, contacttheAvalonWatchleasingofficeat(609 )275-9577K. PrincetonTerraceatWestWindsor: Abrandnewrentalpropertyunderconstruction ,PrincetonTerracewilloffer69two- andthree-bedroomapartments, incomerents, 7 ofthetwo-bedroomunitswillbeofferedat a"verylow-incomerent. PrincetonTerraceis locatedat thesouthwestsectionofClarksvilleRoad. youareinterestedin applyingto purchaseor rentanaffordablehomein WestWindsor, pleasecompletethePreliminaryApplication (enclosed)assoonaspossibleandmailit directlytous, at: Piazza & Associates , Inc., 216 RockinghamRow, Princeton,NJ08540; orfaxit ,youwillreceivea letterofdeterminationwithregardtoyourpre liminaryeligibilityfortheprogram. Applicationswillbeprocessedona"firstcome , firstserved" basis. Availabilityis limited!Sodon'tdelay! Returnyourapplicationtoday!Sincerely, 1/01/2016 OPPORTUMTYMAXIMUMGROSSANNUALHOUSEHOLDINC OMEFORALLPROGRAMST obeeligiblefortheaffordablehousingprogra msin WestWindsor,thegrossannualincomeof basedonthetotalnumberofpersonswhowillres idein theaffordablehome.

6 Thetable,below,setsforththemaximumincome to beeligibleforthelowincomeopportunitiesan dthemoderateincomeopportunities. **OneTwo **TwoofOnePersonPerson *TwoPersonsPersonsThreeFourFiveSixPerson sinPersonHamletGablesPersonsHamletGables PersonsPersonsPersonsPersonsHouseholdOnl yOnlyOnlyOnly2016 IncomeLevelLow32,415 $34,900 $32,550 $37,046 $39,900 $37,200 $41,676 $46,307 $50,012 $53,716 Moderate $51,864 $41,880N/A $59,273 $47,880N/A $66,682 $74,091 $80,0191$ 85, 946 Includesallpurchaseandrentalprogramswith theexceptionof limitedto lowincomehouseholdsonly. TheGablesalsotakesintoaccountcertainexpe nseswhencalculatingannualincome. FormoreinformationregardingtheAdjustedGr ossIncomeorotherrequirementsattheGables, Therentalratesdonotincludeutilities. Theminimumincomesarebasedontherentsandan estimateofutilitiesthatperspectivetenant swillpayeachmonth. Allrentalratesandminimumincomerequiremen tsareregulatedandsubjecttochangewithoutn otice.

7 IncomeMin. Mo. Min. MonthlyMinimumMonthlyMin. + RentIncome+ RentIncome+ RentIncome+ RentIncome+OneLow22,354 $569 $19,530 $717 $27,017 $755- $29,143813 OneModerate $870 $31,886 $748 $24,750 $1, 089 $39,326 $1, $39,6691, 144 TwoVeryLow545 $24,000 TwoLow922 $34,903 $1, 012 $35,691792 $31,920 TwoModerate $1. 198 $44,0571, 237 $45,360 $1,375- $46,423 $1,079 $41,1431, 428 ItLow1, 057 $40,423 $1,118 $41,280 $907 $36,891 Moderatei $1, 329i $49,4401,425 $52,594 $1, 548 $55,577 $1,238 $47,520 MinimumIncomestandardsmayvaryandgenerall ydonotapplyto applicantswithSection8 changewithoutnotice. Informationregardingtherentsat TheGablescanbeobtainedby contactingtheirleasingofficeat(609) 799-8885. to thestatusof yourpreliminaryeligibilitybasedontheinfo rmationthatyouprovideinthisapplication. Whenanaffordablehomebecomesavailable, eligiblecandidateswillbecontacted.

8 Atthattime, wewillprovideyouwitha listofdocumentationrequiredtosupportandv erifytheinformationsubmittedinthisapplic ation. Wecannotanddonotguaranteehousingbasedont heapprovalofthisPreliminaryApplication. AlloftheaffordablehousinginWestWindsoris privatelyowned. ApplicationservicesareprovidedbyPiazza & Associates , Inc., anaffordablehousingservicescorporation. ThisisanEqualHousingOpportunity. Thisprogramis subjectto municipalandstateaffordablehousingregula tions,butnoguaranteecanbemadethattheseho mesareaffordabletoallapplicants. Thisprogramissubjecttoavailability. Prices, & Associates , Inc. AffordableHousingServices216 RockinghamRow PrincetonForrestalVillage Princeton, NJ08540P""wTelephone: 609-786-1100 Facsimile: 609-786-1105 WestWindsorPoliciesandRequirementsNewJer seyForAllApplicantsThisis anequalhousingopportunity. Federallawprohibitsdiscriminationagainst anypersonmakingapplicationto buyor renta homewithregardto age, race, religion, nationalorigin,sex, handicappedor familialstatus.

9 Statelawprohibitsdiscriminationonthebasi sof race,creed, color, nationalorigin, ancestry,nationality, maritalor domesticpartnershipor civilunionstatus, familialstatus, sex, genderidentityorexpression, affectionalorsexualorientation, disability, sourceof lawfulincomeor sourceof Allhouseholdmemberswhointendtoresideatth eaffordablehomesmustbelistedinthePrelimi naryApplication. Ifchangesinhouseholdcompositionoccurduri ngtheapplicationprocess, orifthereisa changeofaddress, theapplicantisrequiredtonotifyPiazza & Associates , Inc. in writing, , completeandaccurate. Anyfalsestatementmakestheapplicationnull andvoid, , butisnotlimitedto, salaryorwages, alimony, childsupport, socialsecuritybenefits, unemploymentbenefits, pensions, businessincome, andactualor imputedearningsfromassets (whichincludebankaccounts, certificatesofdeposit, stocks, bonds, orothersecurities), youowna homein whichyouarecurrentlyresidingandwhichyoui ntendtosellpriortolivingin an affordablehome, computeyourincomefromthisassetbytakingth emarketvalueof yourhome, subtractingthecurrentprincipalof yourmortgage, andmultiplyingthebalancebythecurrentHUDP assbookSavingRate.

10 Incomefromotherrealestateholdingsisdeter minedbytheactualincomeyoureceivefromthea sset (lessexpenses, butnotlessyourmortgagepayment).Pleaseund erstandthatthepricingandrentalratesforth isaffordablehousingareestablishedandgove rnedbyFederal, Stateand / ormunicipalregulations. Althoughconsiderationismadeforlow- andmoderate- categoriesofhouseholdincomes, salespricesandrentalratesdonotfluctuateo nthebasisof eachindividualapplicant's income. Therefore, wecannotanddonotguaranteethatanyhome, forsaleor rent, willbe affordableto YOUor ,including, butnotlimitedtoanapplicationfee, a leaseagreement, , rentswillNOTbeadjustedto accommodatefluctuationsin , butaresubjectto verifyincomeandassetswillberequiredat a laterdate, duringthefinalportionoftheapplicationpro cess. youneedassistancecompletingthisapplicati on, pleasecontactus at & Associates , Inc. 216 RockinghamRow - Princeton, NJ08540 PreliminaryApplicationTownshipof WestWindsorforAffordableHousingEQUALSING POPPORTUNITYNewJerseyA.