“There are no residences that immediately adjoin the property, so to build a multifamily community this was a good location.”Ĭonstruction began in May, and Schoor said the location is expected to be open by fall 2106. “We don’t really immediately impact (the community),” Schoor said. At this time, monthly rent will range from $850 to $975. The apartments range between 675 to 850 square feet. One is to be reserved for the superintendent. The apartment complex will contain 93 units, 82 of which are one-bedroom units and 10 of which are two-bedroom apartments. For a two-person household, the maximum annual income is $44,040. The four-story project is receiving federal Sandy recovery funding, and adheres to income and age requirements of applicants, who must be at least 55.įor a one-person household, the maximum annual income is $38,520. “This really became a great way to take advantage of an underutilized piece of property.” “It was really an underutilized (site) since the office building burned down,” Schoor said. Schoor, vice president of Lawrence-based Community Investment Strategies Inc., which developed the project. The new housing complex, Heritage Village at Oakhurst, will be located on the site of an old office building that was damaged in a fire, said Barbara K. OCEAN TOWNSHIP – Victims of hurricane Sandy will get the first opportunity to live in a new affordable senior housing structure being built in the Oakhurst section of Ocean Township. Watch Video: Heritage Village at Oakhurst
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