Barnegat-based developer, Walters, commenced construction on Cornerstone at Hainesport, a community of 73 premium income-restricted apartments.
The new development will be open to individuals and families who are at or below 60 percent of the area’s median income. Rental rates are based on income, family size and the number of bedrooms.
“We are proud to be offering more family living options to those in the Hainesport area at a time when it is greatly needed,” Joseph Del Duca, partner and director of affordable housing for Walters said. “The new community will offer residents a safe place to live with impressive amenities and support services.”
Located off Creek Road in Burlington County, the community is being built to achieve Energy Star® and LEED® certifications. The development will consist of 73 one-, two-, and three-bedroom apartments in 6 buildings.
Apartments will feature open floor plans, upgraded interior finishes, and signature detailing that has won Walters many awards over the years. The long list of amenities will include a state-of-the-art fitness center, children’s tot lot, basketball court and community clubhouse with computer workstations. Apartments will be equipped with in-unit washers/dryers. A staffed social service coordinator will also be available upon request.
Occupancy in the first building is slated to begin in December 2025. Applications to enter the housing lottery are expected to open in the summer.
