Cornerstone at Branchburg

1000 Cornerstone Dr., Somerville, NJ 08876

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Connor Bailey, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath 664 - 896 Sq Ft
check_circle  Near Elderly (55+)
check_circle  Affordable

Waitlist Forecast

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.

Dave's Thoughts On Cornerstone at Branchburg

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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Cornerstone at Branchburg Amenities

  • Elevator
  • Fitness Center
  • Community Room
  • Clubhouse
  • On-Site Manager
  • Keyless Entry Access
  • On-Site Social Services
  • On-Site Maintenance
  • Fully Equipped Kitchen
  • Computer Room
  • Full-Size Washer & Dryer Connections

Units at Cornerstone at Branchburg

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 664ft2 Call for Price
Two Bedroom (2/1) 896ft2 Call for Price

Income Qualification for Cornerstone at Branchburg

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
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.

FAQs for Cornerstone at Branchburg

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.

Listings Near Cornerstone at Branchburg

BROOKSIDE

129 Mercer St, Somerville, New Jersey 08876

bed 1-2
payment $1526-1808/mo.

100 W Brown St

100 W Brown St, Somerville, New Jersey 08876

bed 1
payment $1800/mo.

109 W Summit St

109 W Summit St, Somerville, New Jersey 08876

bed 4
payment $3000/mo.

Somerville Senior Citizens

1 Mountain Ave, Somerville, New Jersey 08876

payment Subsidized

Somerset County Supportive Housing

35 Somerset St, Somerville, New Jersey 08876

switch_access_shortcut Short Wait
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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