Walters brings 34 new income restricted units to Manahawkin, NJ

Cornerstone at Grassy Hollow II now fully leased in Ocean County, NJ

MANAHAWKIN, NJ — Cornerstone at Grassy Hollow II, a premium income-restricted apartment community in Ocean County, has reached full occupancy, announced Walters, the award-winning property’s owner and developer. Located in the Manahawkin section of Stafford Township, at 200 Back Road, the 34-residence property was completed at year-end 2024.

Cornerstone at Grassy Hollow II consists of two- and three-bedroom apartments in four buildings. Residents enjoy a variety of high-end amenities such as a state-of-the-art fitness center, children’s tot lot, basketball court and community clubhouse with computer workstations. Apartments are equipped with in-unit washers/dryers.

In addition to managing the property, Walters provides on-site supportive services such as after-school programs, special interest clubs, career readiness, a food pantry program, eviction prevention and social services assistance.

“Having access to affordable homes can change lives – it means better schools, better health, and more financial stability for families,” said Joe Del Duca, partner and director of affordable housing for Walters. “There’s a strong, ongoing demand for affordable housing, and we’re proud to have added a new option to meet that need in the community.”

Rental rates at Cornerstone at Grassy Hollow II are income-restricted with all the units available to those who earn 60% or less of the area’s median income.