Cornerstone At Barnegat

9 South Main St, Barnegat, NJ 08005

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Near Elderly (55+)
check_circle  Project-Based Rental Assistance
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Situated in Ocean County, N.J., Cornerstone at Barnegat is an age- and income-restricted community for those 55 and older consisting of 70 1- and 2- bedroom apartments. This community features a diverse mix of amenities including BBQ and picnic areas, billiard tables, fitness center, secure key fob access, intercom entry and cameras, elevators, community lounges, a community gathering room, planned resident activities, health and wellness seminars, and the benefits of 24/7 on-site management and maintenance. Apartment features include a full-size washer/dryer in each apartment home, fully equipped kitchen (dishwasher, microwave & garbage disposal), mini-blinds on each window, ceramic tile in bathrooms, and wood grain resilient vinyl planking in the main living areas and carpeting in the bedrooms.

Dave's Thoughts On Cornerstone At Barnegat

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Cornerstone At Barnegat does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Cornerstone At Barnegat Amenities

  • Elevator
  • Fitness Center
  • BBQ and Picnic Area
  • Community Room
  • On-Site Manager
  • Organized Activities
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Keyless Entry Access
  • Intercom System
  • On-Site Maintenance
  • Blinds
  • Surveillance Cameras
  • Washer and Dryer Included
  • Pool Table

Units at Cornerstone At Barnegat

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Income Qualification for Cornerstone At Barnegat

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
30% AMI for PBRA Units $27,100 / year $31,000 / year $34,850 / year $38,700 / year
50% AMI for LIHTC Units $45,150 / year $51,600 / year $58,050 / year $64,500 / year
50% AMI for PBRA Units $45,150 / year $51,600 / year $58,050 / year $64,500 / year
60% AMI for LIHTC Units $54,180 / year $61,920 / year $69,660 / year $77,400 / year
80% AMI for PBRA Units $66,300 / year $75,750 / year $85,200 / year $94,650 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Cornerstone At Barnegat

Does Cornerstone At Barnegat have a waiting list?

Cornerstone At Barnegat probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Cornerstone At Barnegat?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Cornerstone At Barnegat?

Cornerstone At Barnegat is managed by Walters Group Apartments headquartered in Barnegat, NJ.

In addition to Cornerstone At Barnegat, how many other affordable housing properties (and units) are there in Barnegat?

In addition to Cornerstone At Barnegat, we list 5 other affordable properties in Barnegat. Learn about these properties here. Our data research shows that there are a total of 269 affordable units in Barnegat.

When was the Cornerstone At Barnegat listing last updated?

Cornerstone At Barnegat listing on Affordable Housing Online was last updated on 09/27/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Cornerstone At Barnegat

Patriots Cove

575 N Main St, Barnegat, New Jersey 08005

bed 1-3
payment $831-1383/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Emerald Terrace Apartments

20 Barnegat Blvd S, Barnegat, New Jersey 08005

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Whispering Hills Apartments

345 Hawthorne Ln, Barnegat, New Jersey 08005

switch_access_shortcut Short Wait
accessibility Accessible

Laurel Oaks Family Apartments

465 N Main St, Barnegat, New Jersey 08005

switch_access_shortcut Short Wait
accessibility Accessible

Omhs Housing 2005

70 Schooner Ave, Barnegat, New Jersey 08005

payment Subsidized
accessibility Accessible
accessible_forward Disability
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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