461 Middle Rd., Holmdel, NJ 07733
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 | 667 - 1,150 Sq Ft |
This project has been funded and will begin construction soon.
Just a stone’s throw away from Manhattan and the Jersey Shore, you will feel right at home in this new, premium yet affordable community, Cornerstone at Holmdel. Located right in the town of Holmdel, NJ in Monmouth County.
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 Holmdel 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 667ft2 | Call for Price† |
| Two Bedroom (2/1) | 907ft2 | Call for Price† |
| Three Bedroom (3/2) | 1150ft2 | 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 Holmdel have a waiting list?
Cornerstone at Holmdel 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 Holmdel?
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 Holmdel?
Cornerstone at Holmdel is managed by Walters Group Apartments headquartered in Barnegat, NJ.
In addition to Cornerstone at Holmdel, how many other affordable housing properties (and units) are there in Monmouth County?
In addition to Cornerstone at Holmdel, we list 170 other affordable properties in Monmouth County. Learn about these properties here. Our data research shows that there are a total of 7729 affordable units in Monmouth County.
When was the Cornerstone at Holmdel listing last updated?
Cornerstone at Holmdel listing on Affordable Housing Online was last updated on 10/06/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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