Old Bridge Housing Authority Monthly Meeting Minutes March 2026
Board Reviews Maher Manor Rent Concerns With Penrose
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Description
The Old Bridge Housing Authority discussed ongoing issues with Penrose Management regarding rents at Maher Manor under an existing development agreement. General Counsel will prepare a memorandum addressing whether rents comply with required affordable housing levels.
Contract Details
Vendor
PENROSE MANAGEMENT
Agency
Old Bridge Housing Authority, NJ
Contract Type
OTHER
Document Date
March 17, 2026
Renewal Info
Existing development agreement in place for Maher Manor; potential future amendments may be considered pending legal review of rent compliance.
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