"Cornerstone at Chatham" Opens Applications for Affordable Housing Units in Chatham Township

New development offers affordable housing options through a lottery system with priority for veterans.

Chatham Township is enhancing its affordable housing portfolio with the introduction of Cornerstone at Chatham, a 63-unit apartment complex developed in collaboration with The Walters Group. Situated at 522 Southern Boulevard, near The Hickory Square Shopping Center, this project aims to provide two and three-bedroom family units under affordable housing guidelines.

Prospective tenants are required to complete a preliminary application to verify eligibility and enter into a housing lottery. The application form and income eligibility details are available online at the Cornerstone at Chatham – Walters Group Apartments website. Applicants must navigate to the “Download Preliminary Application” section to access the form.

Important Dates and Deadlines:

Application Deadline: September 4th, 5:00 PM. Applications submitted after this time will not be included in the lottery.
Lottery Date: September 12th, 2024. A random selection process will determine the preliminary waitlist for apartment allocation.

Lottery Details:
The lottery is not a selection but a process to organize the waitlist from which apartments will be assigned as they become available. This process ensures fairness and transparency, adhering to income and household size specifications provided in the applications.

Veteran Preference Program:
Cornerstone at Chatham honors veterans through a preferential program that reserves up to 13 units for qualifying individuals. Veterans must provide a DD Form 214/215 or an NGB Form 22/22A to qualify for this priority.

Income and Rent Details:
The development offers various pricing tiers to accommodate different income levels, detailed below:

Bedrooms/Bathrooms	Monthly Rent	Min. Gross Annual Income	Max. Gross Annual Income
2 Bed / 1 Bath	$784 - $1,664	$29,623 - $59,794	$31,920 - $78,180
3 Bed / 2 Bath	$900 - $1,917	$34,320 - $69,189	$35,190 - $90,720

Additional Qualifying Information:
Households that do not meet the minimum income requirement may still qualify if they have a history of higher rent or mortgage payments, or if they receive housing assistance.

For those interested in applying or seeking more information, please refer to the Cornerstone at Chatham webpage. This initiative reflects Chatham Township's ongoing commitment to increasing accessible and affordable housing options within the community.