1000 Cornerstone Dr., Somerville, NJ 08876
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 664 - 896 Sq Ft |
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.
Located in Branchburg, NJ, Cornerstone at Branchburg and Cornerstone at Branchburg II is an age- and income-restricted community for those 55 and older comprised of 1- and 2-bedroom apartment homes.
Cornerstone at Branchburg features a diverse mix of amenities, including on-site management and maintenance, social services contact, online resident portal accounts, secured individual key fob access, full-size washer and dryer in each residence, fully equipped kitchen, clubhouse & fitness center, community room with billiards table, computer center, elevators, and shuttle service. Leave it to Cornerstone at Branchburg to fulfill all your needs and more.
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 Branchburg 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) | 664ft2 | Call for Price† |
| Two Bedroom (2/1) | 896ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $50,050 / year | $57,200 / year | $64,350 / year | $71,450 / year |
| 50% AMI for PBRA Units | $50,050 / year | $57,200 / year | $64,350 / year | $71,450 / year |
| 60% AMI for LIHTC Units | $60,060 / year | $68,640 / year | $77,220 / year | $85,740 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cornerstone at Branchburg have a waiting list?
Cornerstone at Branchburg 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 Branchburg?
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 Branchburg?
Cornerstone at Branchburg is managed by Walters Group Apartments headquartered in Barnegat, NJ.
In addition to Cornerstone at Branchburg, how many other affordable housing properties (and units) are there in Somerville?
In addition to Cornerstone at Branchburg, we list 5 other affordable properties in Somerville. Learn about these properties here. Our data research shows that there are a total of 246 affordable units in Somerville.
When was the Cornerstone at Branchburg listing last updated?
Cornerstone at Branchburg listing on Affordable Housing Online was last updated on 12/28/2022 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
35 Somerset St, Somerville, New Jersey 08876
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