A brand new, age restricted, 62+ community located in the Port Monmouth section of Middletown, NJ.
The perfect place to call home! Bayshore Village is a beautiful, three-story, 100,000-square-foot building comprised of 14 two-bedroom and 96 one-bedroom apartments. Community amenities include a fitness suite, large community room with fireplace and catering kitchen, library, computer room, lounges, wellness center, laundry facilities, outdoor patio, key fob entry, security cameras, 24-hour emergency maintenance, and on-site parking. The building will be handicap accessible with multiple elevators. Apartment amenities will include private patios/balconies, central heating and air conditioning, high speed internet access, emergency pull cords, intercom, energy efficient appliances, dishwashers, and washer/dryer hookups.
Bayshore Village is the newest addition to the portfolio of age-restricted properties developed, constructed, and managed by award-winning Community Investment Strategies (CIS). The CIS signature senior living portfolio offers the best in independent, age-restricted, affordable communities. Since 1994, CIS has been bringing quality communities to people of modest means and has built a solid reputation as an industry leader.
|1-Bedroom (1/1)||671||From $901 To $1,093|
|2-Bedroom (2/1)||965||From $1,081 To $1,311|
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.
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 Port Monmouth but actual income limits may differ for units at Bayshore Village.
|AMI Band||1 Person||2 Person||3 Person||4 Person|
|Very Low Income (50%)||$38,150||$43,600||$49,050||$54,450|
|Low Income (60%)||$45,780||$52,320||$58,860||$65,340|
Bayshore Village is managed by Community Investment Strategies, Inc..