Affordable Housing Alliance Becomes Administrative Agent for Borough of Red Bank

The Affordable Housing Alliance (AHA) recently became the administrative agent for the borough of Red Bank, NJ. Red Bank is implementing a program to provide affordable housing units, qualified by the Council on Affordable Housing (COAH), to low and moderate income households. AHA will be responsible for overseeing the rental and/or sale of 77 units throughout Red Bank.

Currently, the Borough has future, affordable housing resale opportunities in the Bergen Square condominiums and new, affordable for sale units in the Cedar Crossing townhomes. Presently, 17 new and newly renovated rental units are under construction within the Lofts At Red Bank and various scattered site locations throughout the Borough.

Applicants must provide sufficient documentation of gross income and assets so that AHA is able to determine the eligibility of the tenants. AHA is also a HUD certified housing counseling agency. Our counseling services are free and offered to anyone who is interested in receiving one on one counseling or education on subjects such as budgeting, credit issues, mortgage qualifications, down payment assistance, rental lease requirements, and landlord/tenant law.

Many of the housing units are currently under construction, but there are units available now. If you are interested in applying for a Red Bank housing unit, contact the Affordable Housing Alliance at 732-389-2958 for information. A lottery will take place to select the residents.