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New Community Includes 25 Premium Income-Restricted Apartments in Bergen County   

Cornerstone at Montvale

MONTVALE, N.J. (Dec. 20, 2023)Walters has completed construction on Cornerstone at Montvale, a premium income-restricted apartment community in North Jersey. Located on Summit Avenue, near the Garden State Parkway, the community is almost fully leased.   

Cornerstone at Montvale is a two-building, 25-unit community that opened to residents this fall. The development was sustainably designed, with LEED® and ENERGY STAR® certification, which supports a healthy living environment and includes an array of upscale amenities.  

“Walters is proud to welcome our new residents to enjoy this new extraordinary property in picturesque Bergen County,” said Joseph Del Duca, partner and director of Affordable Housing for Walters. “Cornerstone at Montvale combines high-quality amenities, private front door entrances, and an ideal suburban location less than an hour from Manhattan.”    

Additional amenities include common areas such as a fitness room, playground, and outdoor areas with seating and gas grills. Residents also benefit from 55 parking spaces, and a bike shed to accommodate 18 bicycles. A staffed social services coordinator is also available upon request.    

Cornerstone at Montvale apartments are available to residents whose incomes are at or below 60% of the area’s median income. Rental rates are based on the renter’s gross annual income, according to the rent/income requirements chart. To learn more, visit 

Barnegat, N.J.-based Walters is an award-winning leader in sustainable construction and over the past two decades has developed affordable housing communities throughout New Jersey. Walters manages every aspect of development from design and construction to property management. The privately held firm is committed to the highest construction standards and environmentally responsible building practices. Since 1984, Walters has grown steadily, creating three divisions—Walters Homes, Walters Architecture LLC and Walters Apartments. 


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