Township Backs Walters-Cornerstone Affordable Housing Project

The Cranbury Township Committee adopted a resolution of need supporting Walters-Cornerstone Development LLC’s Phase I affordable housing family rental project at 1260 South River Road. This action enables the developer to seek New Jersey Housing and Mortgage Finance Agency funding to finance, construct, and operate 62 affordable units as part of a larger project.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Document type

Minutes

Source document

Cranbury Township Committee Regular Meeting Minutes April 2026

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New Jersey Housing and Mortgage Finance Agency Agenda 537th Teleconference Board Meeting 2026-07-23

Township of Cranbury Minutes Regular Meeting 2026-04-27

AMENDED

Township of Cranbury, New JerseyUp to $30,000.00 in loans ($10,000.00 per phase)Apr 27, 2026

Township of Cranbury Minutes Regular Meeting 2026-04-27

APPROVED

Township of Cranbury, New JerseyUp to $30,000.00 total loan ($10,000.00 per phase)Apr 27, 2026

cranbury-township-committee-minutes-affordable-housing-ordinances-projects-jun-26-2025_380.md

APPROVED

Cranbury Township School District, New Jersey$10,000 per phase for the Family Project and $10,000 for the Senior Project (maximum $30,000.00)Jun 26, 2025

Somerset County Board of County Commissioners Regular Meeting Agenda December 2023

APPROVED

Somerset County, New Jersey$27,698.88 (less $1,384.94 withheld), plus $94.80 accrued interest; total not to exceed $26,408.74Dec 12, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Township of Cranbury?

Walters-cornerstone Development Llc was awarded this government contract by Township of Cranbury, as recorded on April 13, 2026.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Cranbury Township Committee Regular Meeting Minutes April 2026 (Minutes), dated April 13, 2026 from Township of Cranbury. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Walters-cornerstone Development Llc hold?

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What is Township of Cranbury currently buying?

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Township Backs Walters-Cornerstone Affordable Housing Project

Scope & details

Related contracts

Frequently asked questions

Who was awarded the government contract by Township of Cranbury?

What type of contract is this?

Where was this contract approved?

What other contracts does Walters-cornerstone Development Llc hold?

What is Township of Cranbury currently buying?

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