2121 Massachusetts Ave., Toms River, NJ 08755
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Cornerstone At Toms River features a diverse mix of amenities, including a BBQ and picnic area, bocce court, expansive clubhouse, fitness center, secure key fob access, intercom entry and cameras, elevators, community lounges, a community gathering room, planned resident activities, health and wellness seminars, and the benefits of 24/7 on-site management and maintenance. Each of the 1- and 2-bedroom apartments include a full-size washer/dryer in each unit, fully equipped kitchen (dishwasher, microwave, garbage disposal, and granite countertops), mini-blinds on each window, ceramic tile in bathrooms, and wood grain resilient vinyl planking in the main living areas and carpeting in the bedrooms.
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 Toms River 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $27,100 / year | $31,000 / year | $34,850 / year | $38,700 / year |
| 50% AMI for LIHTC Units | $45,150 / year | $51,600 / year | $58,050 / year | $64,500 / year |
| 50% AMI for PBRA Units | $45,150 / year | $51,600 / year | $58,050 / year | $64,500 / year |
| 60% AMI for LIHTC Units | $54,180 / year | $61,920 / year | $69,660 / year | $77,400 / year |
| 80% AMI for PBRA Units | $66,300 / year | $75,750 / year | $85,200 / year | $94,650 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cornerstone at Toms River have a waiting list?
Cornerstone at Toms River 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 Toms River?
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 Toms River?
Cornerstone at Toms River is managed by Walters Group Apartments headquartered in Barnegat, NJ.
In addition to Cornerstone at Toms River, how many other affordable housing properties (and units) are there in Toms River?
In addition to Cornerstone at Toms River, we list 15 other affordable properties in Toms River. Learn about these properties here. Our data research shows that there are a total of 1011 affordable units in Toms River.
When was the Cornerstone at Toms River listing last updated?
Cornerstone at Toms River listing on Affordable Housing Online was last updated on 09/27/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
100 Crescent Court, Toms River, New Jersey 08757
2257 Massachusetts Ave., Toms River, New Jersey 08755
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