Real Estate
Middletown Buys Lots For Veterans' Apts., Port Monmouth Flood Control
At their Dec. 5 meeting, the Twp. Committee approved buying land for Leonardville Road veterans' housing and Port Monmouth Flood Control:
MIDDLETOWN, NJ — The Middletown Township Committee held their most recent meeting Dec. 5.
At the meeting, the Township Committee made two big decisions to advance two ongoing projects in town: Affordable veterans'-only housing on Leonardville Road and the ongoing Port Monmouth Flood Control Project.
The Township Committee unanimously decided to sell multiple lots at 37-45 Leonardville Road to the Middletown Redevelopment Corporation. This is a non-profit set up within Middletown town government to convert the property into veterans' apartments.
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Last year, Middletown Twp. announced it had purchased a former tool rental property on at 37-45 Leonardville Road, and will be turning the site into rental affordable housing for U.S. veterans.
The plan is to build 12 rental apartment units, all at affordable housing prices, for any man or woman who served in the U.S. armed forces. Rental amounts have not been determined yet
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The property was formerly owned by EZ Quick Food Stores Inc., and Middletown paid $335,000 to purchase the land. That money came out of Middletown's Affordable Housing Trust Fund, which is funded by fees developers pay to build market-rate housing in Middletown.
More property purchased for Port Monmouth Flood Control
Also at that Dec. 5 meeting, the Middletown Township Committee unanimously decided to spend $850,000 in a bond to purchase a total of three lots, at 95 Main Street and Church Street, to advance the Port Monmouth Flood Control Project.
The Twp. Committee unanimously approved the Township to go into contract for those three properties. The land will be used for Port Monmouth Flood Control.
Middletown Mayor Tony Perry said there will be no cost to Middletown taxpayers for either land purchase.
"These are all funds that are going to be reimbursed 100 percent by the state of New Jersey," said Perry at the meeting. "So while it is an up front cost, these are all reimbursed to the township."
This was only the first reading. There will be a public hearing on both Dec. 19.
Initial Patch report: Middletown To Build 12 Veterans' Apartments on Leonardville Road (June 2021)
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