900 Gary Smith Way, Forked River, NJ 08731
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
Nestled near the heart of Forked River, Cornerstone at Lacey and Cornerstone at Lacey II are income-restricted sister communities comprised of one-, two and three- bedroom apartment homes with individual private entrances.
Cornerstone At Lacey features a diverse mix of amenities and features, including individual private entrances to each home, full-size washer/dryer in every unit, fully equipped kitchen (dishwasher, microwave, garbage disposal, and granite countertops), ceramic tile in bath, secure key fob access, intercom entry and cameras, outdoor BBQ and picnic area, children’s tot lot, clubhouse with fitness center, computer workstations, half-court basketball, and 24/7 on-site management and maintenance. A social service coordinator is available upon request. One of the most environmentally sustainable housing communities in New Jersey, Cornerstone At Lacey achieved the rare distinction of LEED Platinum certification.
Cornerstone At Lacey is located close to the Garden State Parkway, all Lacey County District Schools, Lacey Township beaches and Gille Park. Residents enjoy proximity to a diverse selection of dining and retail options, including supermarkets, specialty shops, national retailers, waterfront restaurants, and a farmers market.
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 Lacey 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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/2) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $45,150 / year | $51,600 / year | $58,050 / year | $64,500 / year | $69,700 / year | $74,850 / year |
| 50% AMI for PBRA Units | $45,150 / year | $51,600 / year | $58,050 / year | $64,500 / year | $69,700 / year | $74,850 / year |
| 60% AMI for LIHTC Units | $54,180 / year | $61,920 / year | $69,660 / year | $77,400 / year | $83,640 / year | $89,820 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cornerstone at Lacey have a waiting list?
Cornerstone at Lacey 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 Lacey?
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 Lacey?
Cornerstone at Lacey is managed by Walters Group Apartments headquartered in Barnegat, NJ.
In addition to Cornerstone at Lacey, how many other affordable housing properties (and units) are there in Forked River?
In addition to Cornerstone at Lacey, we list 2 other affordable properties in Forked River. Learn about these properties here. Our data research shows that there are a total of 175 affordable units in Forked River.
When was the Cornerstone at Lacey listing last updated?
Cornerstone at Lacey listing on Affordable Housing Online was last updated on 09/28/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1031 Newark Avenue North, Forked River, New Jersey 8731
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