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Walters Celebrates Grand Opening of Cornerstone at Lumberton in Burlington County
New LEED-Certified Income-Restricted Community Provides 70 Apartments
LUMBERTON, NJ, Dec. 21, 2021 — Walters, an award-winning developer, held a ribbon-cutting ceremony to celebrate the grand opening of Cornerstone at Lumberton, a LEED®-certified community offering 70 premium income-restricted apartments. The event was held at 1 Cornerstone Drive in Lumberton. Joining the Walters’ staff were state and local officials, including New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Melanie R. Walter, Lumberton Mayor Gina LaPlaca, Deputy Mayor Rue Ryan, Committeeman Terrance Benson, Committeewoman Kendra Hatfield, Assemblywoman Carol A. Murphy, as well as Lumberton Police Officers and Emergency Squad members.
“It’s a thrill and a joy for us to provide this type of quality affordable housing to Burlington County,” said Joseph Del Duca, partner and director of affordable housing for Walters. “We put our hearts and souls into every development because we want to create vibrant communities that will endure.”
During the ceremony, Walters was honored with a Joint Legislative Resolution patroned by state Assemblywoman Murphy and Senator Troy Singleton, commending the development firm for its contribution to the community.
Assemblywoman Murphy presented the resolution to Founder and Partner Ed Walters Jr., and Joseph Del Duca. She stated that, “Once again we have a community in New Jersey that is going to continue building upon the needs of our residents and that’s affordability, a place to live, and a place to call home.”
“NJHMFA is so pleased to be a part of bringing 70 new affordable rental homes to Lumberton. Like most towns with very high homeownership rates, a lack of rental housing can raise rents for existing housing, making it challenging for residents to live and work in their own community,” said NJHMFA Executive Director Walter. “By leveraging state and federal support to build affordable housing in communities like Lumberton and across Burlington County, we can start to reverse these difficult trends. So far, 18 projects in Burlington County have been awarded 9% tax credits since 2010. NJHMFA looks forward to advancing affordable housing opportunities in partnership with communities and developers throughout this region.”
Cornerstone at Lumberton represents the highest quality income-restricted housing available on the market. It is designed to achieve LEED and ENERGY STAR® status for incorporating a number of sustainable features. The green community features non-invasive landscaping, the use of recycled materials during construction and ENERGY STAR-certified appliances which offer long-term savings in utility costs.
Mayor LaPlaca pointed to the fact that there were 650 applications for 70 units at Cornerstone at Lumberton. “The reality is that there is a great need for affordable housing in New Jersey,” she said. “While some communities shirk their responsibility for affordable housing, Lumberton is proud to play our part and we’re honored that Walters sees Lumberton as a community of opportunity.”
Residents have begun moving into the one-, two and three-bedroom apartment homes which feature full-size washer and dryer in each residence, fully equipped kitchens with granite countertops, blinds in every room, clubhouse and fitness room, secured key fob access, internet/Wi-Fi in common areas, computer workstations, tot-lot, BBQ and picnic area, half-court basketball and onsite resident services. Walters Apartments, an arm of Walters, handles onsite property management for Cornerstone at Lumberton.
Walters is a leader in sustainable construction with a total of 20 LEED-certified affordable housing developments in New Jersey. Currently, there are three new Cornerstone communities either planned or under construction.
For information on leasing at Cornerstone at Lumberton, call (609) 769-1030 or visit the leasing office at 1 Cornerstone Drive, Lumberton. Office hours are 10 a.m.- 2 p.m., Monday through Friday. To learn more, visit wgapts.com.
500 Barnegat Blvd. N., Building 100, Barnegat, NJ 08005
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