Cornerstone Housing Project in Chatham, Morris County, New Jersey, begins lottery for affordable housing

Award-winning developer Walters has launched an affordable housing lottery for Cornerstone at Chatham, its newest income-restricted rental community. Located on South Boulevard near the Garden State Parkway, the 3.2-acre community features 63 two- and three-bedroom apartments that meet LEED and ENERGY STAR certification requirements.

Residents will also enjoy an array of on-site amenities including parking, a fitness center, a club community room, and a patio with seating and grills. Cornerstone at Chatham is centrally located within walking distance to Chatham Mall, Hickory Square Mall, Nash Park, and Shunpike Field, making it convenient to work, shopping, and entertainment.

The homes at Cornerstone at Chatham are expected to be completed by the end of this year and will be available to residents making at or below 60% of the area median income. Rents will range from approximately $784 to $1,917 per month based on the tenant’s annual gross income, according to the Rent/Income Requirements table. The housing lottery application deadline is Wednesday, September 4, 2024, and the drawing will take place on September 12.

Walters, headquartered in Barnegat, is an award-winning real estate owner, developer and property manager committed to the highest construction standards and environmentally friendly building practices. Please call (973) 593-0393 to apply for housing or visit www.waltersgroupapartments.com.