Asbury Tower

1701 Ocean Ave, Asbury Park, New Jersey 7712

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Asbury Tower is managed by Springpoint Senior Living .

Asbury Tower in Asbury Park, New Jersey is a beautiful affordable housing community for low-income people, 62 years and older*. Our recently renovated building offers a stunning ocean-view setting. Residents enjoy the privacy and security of their own apartments in an attractive, well-maintained building. We offer onsite conveniences such as a beauty/barber shop, a convenience store, community room, library, thrift shop, TV lounge and more.

Asbury Tower is unlike any other community - the services we provide, the camaraderie among residents and the teamwork of the staff all combine to make Asbury Tower a special place to call home.

*Residents must meet HUD income requirements. Section 8 Vouchers accepted.

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 316 $844
1 Bedroom (1/1) 548-716 $1,023

Eligibility for Asbury Tower

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Asbury Park but actual income limits may differ for units at Asbury Tower.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $45,150 $51,600 $58,050 $64,500 $69,700 $74,850 $80,000 $85,150
Low Income (60%) $54,180 $61,920 $69,660 $77,400 $83,640 $89,820 $96,000 $102,180

Asbury Tower Details

  • 350 studio and one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)
  • Section 236

Property Amenities

  • 24hr Emergency Maintenance

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Window Coverings
  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Shopping
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

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Image of Asbury Tower
Image of Asbury Tower
Image of Asbury Tower