Asbury Tower

1701 Ocean Ave, Asbury Park, New Jersey 7712

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.

Units

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

Asbury Tower Details

• 347 studio and one bedroom units.
• Low-Income Housing Tax Credit (LIHTC)

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.

Asbury Park Low-Income Housing Tax Credit Income Limits

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.

Asbury Tower is managed by Springpoint Senior Living .