Situated in Ocean County, just minutes from Long Beach Island, Cornerstone At Grassy Hollow is an income-restricted community of apartments featuring individual private entrances.
Comprising 60 one-, two- and three-bedroom apartment homes. Cornerstone At Grassy Hollow features a diverse mix of amenities, including private entrances to each home, a children's tot lot, basketball court, and a community clubhouse with computer workstations and a fitness center, and a program of resident activities. Each apartment features in-unit washer/dryer and benefits from 24/7 on-site management and maintenance. A social service coordinator is available upon request.
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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.
Cornerstone At Grassy Hollow is managed by Walters Group Apartments.