RED BANK AFFORDABLE HOUSING CORPORATION
Building the Community of Red Bank through Affordable Living
Our Mission
The Red Bank Affordable Housing Corporation (RBAHC) was established in the spring of 2007, for the purpose of establishing affordable housing opportunities for low- and moderate- income families in the borough of Red Bank.  Upon its inception, RBAHC entered into a unique triume relationship that includes the borough of Red Bank and the Red Bank Housing Authority.  The Red Bank borough administration acquired the land for RBAHC through funding provided by the Land Acquisition Act of New Jersey.  The Red Bank Housing Authority serves as management agncy for the property, and the RBAHC as the developers of teh project, as well as assisting potential homeowners with the income eligibility process and mortgage applications.

The basic goal of the RBAHC is to "Build the Community of Red Bank through Affordable Homeownership".  The initial development of thirty-six (36) townhouse units (known as Cedar Crossing of Red Bank) provides homeownership opportunities to 36 qualified families in our community.  Phase I (20 2- and 3- bedroom units) were completed in the fall of 2011.  Phase II (16 units) were completed in 2012, and is fully owner-occupied as of early 2017.

Funding for the development was secured through three (3) primary sources:  the Housing and Mortgageg Finance Agency of New Jersey (NJHMFA), the CHOICE program of Monmouth County, and construction loans through Investors Bank.

In 2019, RBAHC was designated as the Administrative  Agent of affordable housing for the Borough of Red Bank, helping to further its mission of "Building the Community of Red Bank through Affordable Living". 

In addition to housing, RBAHC strives to contribute to the well-being of the people of Red Bank and beyond through community and outreach.   

Currently, Pastor Terrence K. Porter serves as the President and Executive Director of the RBAHC Board of Trustees.

Red Bank Housing Rehabilitation Program

The Red Bank Affordable Housing Corp, Inc. (RBAHC), has developed for the Borough of Red Bank a program for Housing Rehabilitation to uplift the quality of its housing stock and to  improve the condition and appearance of its neighborhoods. The primary purpose of the program is to strengthen and preserve the
Borough housing resources, which will be accomplished through the use of deferred loans in the amount of $10,500.00.

These loans will make it possible for homeowners or those living in renter occupied units, to repair and rehabilitate properties and not cause undue economic hardship to the homeowner.  Completed applications may be submitted to RBAHC via mail or email.

Rehab Program Brochure
Rehab Program Application
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APPLICATION

To be placed in our applicant pool for upcoming affordable units, please complete and submit the Preliminary Application below via email (pdf only), or mail to the address below. 

There is no fee to submit a preliminary application.







​RBAHC
PO Box 2207
Red Bank, NJ 07701

Or email to:
[email protected]


Income eligibility certification is required when a unit becomes available in your size and income category.  You will then be required to submit an Income Eligibility Certification Worksheet (below), with all documentation.
  
Non-refundable application fees for certification are as follows:
$150 non-refundable application fee
$150 certification approval fee (due at certification signing) 

Preliminary Application

Preliminary applications are being accepted for
The Brownstones at Red Bank

2 Affordable Homes will be offered for sale
1 BR, 1 Bath, 850 sq. ft. ~ $70,111
3 BR, 2.1/2 Bath, 1900 sq. ft. ~ $201,552

Down payment assistance available
for first-time homebuyers

Preliminary applications must be submitted by Dec. 9 to be included in the lottery drawing

Brownstones Preliminary Application


RBAHC Board of Trustees
  Terrence K. Porter                                       Renee Harris                    Nichoele Peguese     
                                                                    President & Executive Director                            Vice President                         Treasurer

Vanessa Munson             Sonia Quiles                          Alpha Reynolds-Lewis            Elizabeth Robinson             Ann Wolf